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MCDONALD & COMPANY REPORTS RECORD FISCAL 1993 FINANCIAL RESULTS

 CLEVELAND, April 27 /PRNewswire/ -- McDonald & Company Investments, Inc., (NYSE: MDD) today reported record quarterly and annual revenues, net income, and net income per share for the periods that ended March 26, 1993.
 For the fiscal 1993 fourth quarter, net income increased 23 percent to $4,440,000 from $3,611,000 in the same period a year ago. Quarterly net income per share was $0.63, up 21 percent from $0.52 in the fiscal fourth quarter last year. Revenues in the fiscal 1993 fourth quarter increased 22 percent to $48,123,000 from $39,576,000 in the corresponding quarter last year.
 Annual net income advanced 47 percent in fiscal 1993 to $16,050,000 from $10,896,000. Net income per share in fiscal 1993 increased 30 percent to $2.30 from $1.77 and was calculated on 13.5 percent more average shares outstanding primarily as a result of the October 1991 merger with Gradison & Company, Inc. Revenues for the fiscal year were $173,817,000, a 36 percent increase from $128,063,000 recorded in fiscal 1992.
 "We saw double-digit revenue gains from all areas of our business," stated Thomas M. O'Donnell, chairman. "We were especially pleased with the increase from investment management revenues,and we expect further growth in this more stable and predictable fee-based source."
 O'Donnell continued, "McDonald & Company is well positioned for continued growth in fiscal 1994. We are offering more products and services to our strong and loyal customer base. The number of brokers in the McDonald & Company system is also increasing. At the end of fiscal 1993, we had 313 brokers, a 15 percent increase from our 272 at the end of fiscal 1992. We will continue to invest in the growth of our business, and we will also sharpen our attention on controlling expenses."
 McDonald & Company Investments, Inc., through its principal subsidiary, McDonald & Company Securities, Inc., operates a regional investment banking, brokerage, and investment advisory business with a total of 33 offices in eight states, including 28 in Ohio, Michigan, and Indiana, as well as offices in Atlanta, Boston, Chicago, Dallas, and Jersey City, New Jersey.
 MCDONALD & COMPANY INVESTMENTS, INC.
 Summary Income Statement (Unaudited)
 (In thousands, except per share amounts)
 Three Months Ended
 March 26, 1993 March 27, 1992
 Operating revenue $44,176 $35,469
 Interest and dividends 3,947 4,107
 TOTAL REVENUES $48,123 $39,576
 Operating expense 39,831 31,519
 Interest expense 1,935 2,301
 Income Before Taxes $ 6,357 $ 5,756
 Income Taxes 1,917 2,145
 Net Income $ 4,440 $ 3,611
 Net Income Per Share
 Primary $.63 $.52
 Fully diluted $.58 $.48
 Average number of common
 and equivalent shares
 outstanding 7,042 6,872
 Twelve Months Ended
 March 26, 1993 March 27, 1992
 Operating revenue $159,967 $113,246
 Interest and dividends 13,850 14,817
 TOTAL REVENUES $173,817 $128,063
 Operating expense 141,418 101,442
 Interest expense 7,699 9,545
 Income Before Taxes $24,700 $17,076
 Income Taxes 8,650 6,180
 Net Income $16,050 $10,896
 Net Income Per Share
 Primary $2.30 $1.77
 Fully diluted $2.11 $1.63
 Average number of common
 and equivalent shares
 outstanding 6,981 6,151
 -0- 4/27/93
 /CONTACT: Richard Clark of McDonald & Company Investments, Inc., 216-443-2614 or 800-869-5666/
 (MDD)


CO: McDonald & Company Investments, Inc. ST: Ohio IN: FIN SU: ERN

BM -- CL005 -- 1150 04/27/93 08:52 EDT
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Date:Apr 27, 1993
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