Investing.com - Piper Jaffray reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Piper Jaffray announced earnings per share of $5.37 on revenue of $492.7M. Analysts polled by Investing.com anticipated EPS of $3.19 on revenue of $370.92M.
Piper Jaffray shares are up 25.22% from the beginning of the year, still down 8.07% from its 52 week high of $135.17 set on June 28. They are outperforming the EUR/USD which is down 0% from the start of the year.
Piper Jaffray shares gained 3.63% in pre-market trade following the report.
Piper Jaffray follows other major Financial sector earnings this month
Piper Jaffray's report follows an earnings beat by Bank of America on July 14, who reported EPS of $1.03 on revenue of $21.47B, compared to forecasts EPS of $0.7706 on revenue of $21.8B.
Wells Fargo&Co had beat expectations on July 14 with second quarter EPS of $1.38 on revenue of $20.27B, compared to forecast for EPS of $0.9752 on revenue of $17.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar