The Bear Stearns Companies Inc. Reports Third Quarter Results.

Business WireApril 16, 1997

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The Bear Stearns Companies Inc. Reports Third Quarter Results.

NEW YORK--(BUSINESS WIRE)--April 16, 1997--The Bear Stearns Companies Inc. (NYSE:BSC) today announced earnings for the company's third fiscal quarter ended March 27, 1997.

Net income for the third quarter of fiscal 1997 was $165.5 million, or $1.14 per share, a 28.4% increase in net income from $128.9 million, or 86 cents per share, for the comparable quarter last year. The annualized return on common stockholders' eq...

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