Piper Jaffray Cos. (PJC) Tops Q2 EPS by 21c

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Piper Jaffray Companies Announces 2015 Second Quarter Results

July 23, 2015 8:01 AM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Piper Jaffray Companies (NYSE: PJC) today announced its financial results for the quarter ended June 30, 2015.

In the second quarter, we generated strong performance as our businesses produced solid results, we made important progress on growth initiatives and returned a significant amount of capital through share repurchases.

Financial Highlights

Adjusted net income(1) was $18.6 million, or $1.19 per diluted common share(1), in the second quarter of 2015, compared to $20.5 million, or $1.25 per diluted common share, in the second quarter of 2014, and $18.8 million, or $1.14 per diluted... More