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JMP: 2Q Earnings Snapshot

July 24, 2019

SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Wednesday reported a loss of $1.1 million in its second quarter.

The San Francisco-based company said it had a loss of 5 cents per share. Losses, adjusted for non-recurring costs, came to 3 cents per share.

The nvestment banking and asset services company posted revenue of $28.1 million in the period. Its revenue net of interest expense was $28.1 million, which did not meet Street forecasts.

In the final minutes of trading on Wednesday, the company’s shares hit $3.64. A year ago, they were trading at $5.39.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JMP at https://www.zacks.com/ap/JMP

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