reported a 50% gain in profit in its most recent quarter.
The St. Louis-based firm said it earned $78 million, or $1.03 a share, in the third quarter, which ended on Nov. 30. A year ago, the broker earned $52 million, or 67 cents a share. Revenue rose 14% to $768 million.
Analysts, as surveyed by Thomson Financial, were looking for earnings of 91 cents a share on revenue of $741.7 million.
In the quarter, asset management and fee revenue rose 18% to $318 million. Commission revenue was unchanged from a year ago at $247.6 million. Investment banking revenue rose 25% to $72.6 million.