Company Profile For Piper Jaffray Companies

Piper Jaffray Companies is a middle-market investment bank and institutional securities firm, serving the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors. The Company provides a set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed income sales and trading; equity research, and asset management services. The Company’s operations consist principally of four components: Investment Banking, Equity and Fixed Income Institutional Sales and Trading, Asset Management and Other Income.

BRIEF: For the nine months ended 30 September 2009, Piper Jaffray Companies' revenues increased 22% to $345.3M. Net income from continuing ops. totaled $14.9M vs. a loss of $29.7M. Revenues reflect higher income generated from institutional brokerage services. Net income reflects a decrease in occupancy & equipment expenses, lower floor brokerage & clearance cost and a decrease in the marketing & business development expenses.