SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Wednesday reported fourth-quarter net income of $789,000, after reporting a loss in the same period a year earlier.
The company, based in San Francisco, said it had earnings of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 13 cents per share.
The nvestment banking and asset services company posted revenue of $36 million in the period.
For the year, the company reported profit of $2.9 million, or 13 cents per share. Revenue was reported as $135 million.
JMP shares have climbed 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.76, a climb of 33 percent in the last 12 months.
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
Keywords: JMP, Earnings Report