JMP Stock Price Increases Over 50% Pre-Market: Why It Happened

By Amit Chowdhry ● Feb 19, 2021
  • The stock price of JMP Group LLC (NYSE: JMP) increased by over 50% pre-market as of 4:51 AM ET. This is why it happened.

The stock price of JMP Group LLC (NYSE: JMP) — a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors — increased by over 50% pre-market as of 4:51 AM ET. Investors are responding to the company’s fourth-quarter results.

JMP Group had reported a net income of $9 million for the fourth quarter, up from a loss of $3 million in the previous quarter and a loss of $6.45 million in the same quarter a year earlier. The earnings per share were $0.45 for the quarter and the operating net income per share was $0.42.

Revenue for the quarter was $53.62 million, up from $26.62 million the quarter earlier and $23.82 million in the same quarter a year earlier. 

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