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JMP: 4Q Earnings Snapshot

·1 min read

SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Thursday reported fourth-quarter net income of $9 million, after reporting a loss in the same period a year earlier.

The company, based in San Francisco, said it had earnings of 45 cents per share. Earnings, adjusted for non-recurring gains, came to 42 cents per share.

The nvestment banking and asset services company posted revenue of $53.6 million in the period. Its revenue net of interest expense was $53.6 million, surpassing Street forecasts.

For the year, the company reported that its loss narrowed to $4.7 million, or 24 cents per share. Revenue was reported as $115.5 million.

In the final minutes of trading on Thursday, the company's shares hit $4.97. A year ago, they were trading at $3.03.

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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