UPDATE 1-Stifel CEO betting markets will rebound soon
Posted on August 08, 2012 at 21:34 PM EDT
NEW YORK, Aug 8 (Reuters) - Stifel Financial Corp's second-quarter profit soared, but lagged expectations as Chief Executive Ron Kruszewski bulked up the firm's brokerage and investment banking capabilities ahead of what he sees as a coming market rebound.
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