Piper Jaffray, building a leading middle market investment bank and institutional securities firm.
In the first quarter, the capital markets continued to experience many of the same challenges they faced last year: capital raising remains tight, and banking activity, slow. Despite these challenges, we achieved a pre-tax operating profit of $3.5 million on revenues that were 12 percent lower than the first quarter of 2008, but a net loss from continuing operations of $2.7 million or $0.17 per diluted share, for the quarter ended March 31, 2009.
The unprecedented turmoil in the financial services industry has created unique but complex investment opportunities for private equity investors. This conference will feature presentations by privately held financial services companies and a panel discussion on the future of financial services.
A challenging economy and low consumer confidence has led to a dramatic 14 percent decline in fashion spending, according to the "Taking Stock With Teens" survey published by Piper Jaffray.
Piper Jaffray Companies is a leading, international middle market investment bank and institutional securities firm.
We serve the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors.