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Keefe Bruyette Earnings Soar
Keefe Bruyette & Woods(KBW Quote) shares surged 16% Tuesday after the boutique investment bank said profit tripled in its first quarter as a public company.
In the fourth quarter, the firm made $25.4 million, or 87 cents a share, compared with $7.3 million, or 26 cents a share, in the year-earlier period. Revenue rose 32% to $120.2 million.
Analysts were predicting the firm would make 35 cents a share on revenue of $96 million. ...
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