SAN FRANCISCO, Jun 07, 2007 (BUSINESS WIRE) -- JMP Group Inc. (NYSE:JMP), a growth-oriented investment banking and asset management firm, announced today that three equity research analysts at its broker-dealer subsidiary, JMP Securities LLC, were honored in the 2007 "Best on the Street" survey recently published by The Wall Street Journal.
Each of the analysts honored was ranked among the top five stock pickers in his or her respective coverage area for 2006, based on total return measures. As a firm, JMP Securities ranked 18th out of 85 equity research providers.
-- John Hecht, managing director and senior analyst of consumer and specialty finance, ranked third among 27 analysts in the Consumer & Specialty Finance category.
-- Kristine Koerber, managing director and senior analyst of lifestyle retailing and products, ranked fourth among 75 analysts in the Specialty Retailers & Services category.
-- David Scharf, managing director and senior analyst of financial processing and outsourcing, ranked fifth among 76 analysts in the Business & Industrial Services category.
"The Wall Street Journal's recognition is well deserved by each of these very talented individuals," said Mark Lehman, Director of Equities and Co-President of JMP Securities. "JMP's equity research platform is the core of our franchise, and these awards reflect the firm's constant effort to generate outstanding, actionable investment ideas that provide value to our institutional brokerage clients."
JMP Securities' research department primarily follows small and mid-capitalization stocks in six growth industries--business services, consumer, financial services, healthcare, real estate and technology. The firm publishes equity research on nearly 300 public companies.
The Wall Street Journal's annual "Best on the Street" survey is in its 15th year. According to the newspaper, there were 225 awards for 2007, or five in each of 45 industry groups. Eligible analysts were selected from a universe of more than 4,000 analysts at more than 280 firms.
About JMP Group
JMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through two subsidiaries, JMP Securities LLC and JMP Asset Management LLC. For more information, visit www.jmpg.com.
SOURCE: JMP Group Inc.
JMP Group Andrew Palmer, 415-835-8978 (Press) email@example.com or KCSA Worldwide Jeffrey Goldberger, 212-896-1249 (Investor Relations) firstname.lastname@example.org
Copyright Business Wire 2007
News Provided by COMTEX