MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
* Q4 EPS $0.71 vs est $0.65
* Q4 net rev up 38 pct to $319.5 mln
* Investment banking, principal transactions rev jump Feb 9 Investment bank Stifel Financial Corp (SF.N) reported a higher-than-expected quarterly profit, helped by a jump in revenue from principal transactions and investment banking.
For the fourth quarter, net income rose to $24.7 million, or 71 cents per share, from $16 million, or 53 cents a share, last year.
Analysts on average were looking for a profit of 65 cents a share, before items, according to Thomson Reuters I/B/E/S.
Net revenue jumped 38 percent to $319.5 million.
Revenue from principal transactions rose 26 percent to $116.4 million, while investment banking revenue was $50.5 million, up from $15.8 million in the previous year.
Shares of the company closed at $50.58 Tuesday on the New York Stock Exchange.
For all the alerts, double-click [ID:nWNAB5121] (Reporting by Brenton Cordeiro in Bangalore; Editing by Gopakumar Warrier)
ISTANBUL, Sept 24 Ratings agency Moody's cut Turkey's sovereign credit rating to "junk," citing worries about the rule of law after an attempted coup and risks from a slowing economy, in a move that could deter billions of dollars of investment.
ISTANBUL, Sept 24 Credit ratings agency Moody's Investor Service has downgraded Turkey's sovereign credit rating to non-investment grade citing worries about the rule of law following an attempted coup, risks from external financing and a slowing economy.