Stifel Financial Corp. operates through its wholly owned subsidiaries as a service provider for retail brokerage, securities trading, investment advisory and related services. The company's activities include three market segments - Private Client Group, Equity Capital Markets, and Fixed Income Capital Markets. The company's customers are mostly individual investors, corporations, municipalities, and institutions.

For the last quarter ended September 30, 2007, the company's revenue was $190 million, 14% less than previous quarter. The net income however increased by 456% to over $8 million. This was mainly due to significant reduction in SGA...