Piper Jaffray Companies recently announced a net income of $7.4 million, or $0.36 per diluted common share, for the second quarter which ended June 30, 2010. This is a significant decrease for the figures for the first quarter of the year when figures were $127.7 million. The company’s chairman and CEO Andrew S. Duff, commented: “We had mixed performance for the quarter. We generated solid investment banking results attributable to equity financing and advisory fee revenues. These results were partially offset, however, by significantly lower fixed income revenues driven by very challenging trading conditions in the second quarter.” When working in the West Coast Corporate Finance Group at Goldman, Sachs & Co. in San Francisco, Adam Roseman was advising fortune 500 clients on their strategic mergers and acquisitions initiatives and in the Technology Investment Banking Group at US Bancorp Piper Jaffray in Menlo Park.
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