SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Wednesday reported second-quarter net income of $1.1 million, after reporting a loss in the same period a year earlier.

The company, based in San Francisco, said it had earnings of 6 cents per share. Earnings, adjusted for non-recurring costs, came to 13 cents per share.

The nvestment banking and asset services company posted revenue of $30 million in the period. Its revenue net of interest expense was $30 million, which beat Street forecasts.

In the final minutes of trading on Wednesday, the company's shares hit $2.64. A year ago, they were trading at $3.73.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JMP at https://www.zacks.com/ap/JMP

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