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MCDONALD & COMPANY REPORTS RECORD NET EARNINGS FOR FOURTH CONSECUTIVE QUARTER

 MCDONALD & COMPANY REPORTS RECORD NET
 EARNINGS FOR FOURTH CONSECUTIVE QUARTER
 CLEVELAND, Oct. 28 /PRNewswire/ -- McDonald & Company Investments, Inc., (NYSE: MDD) ("the Company") today reported record net earnings for the second quarter ended Sept. 25, 1992, the fourth consecutive quarter in which record net earnings have been reported and the sixth record quarter in the last seven quarters reported.
 Net income was $4,039,000, or $.58 per share, on revenues of $43,874,000. Net income for the same quarter of fiscal 1992 was $1,393,000, or $.26 per share, on revenues of $23,605,000. The average number of common shares outstanding in the recent second quarter was 6,973,000 compared to 5,268,000 in the second quarter a year ago, reflecting the issuance of shares in the merger with Gradison & Company in October 1991.
 Net income for the six months ended Sept. 25, 1992 was $7,752,000, or $1.12 per share, on revenues of $81,766,000. Net income for the same six months of fiscal 1992 was $3,926,000, or $.75 per share, on revenues of $50,208,000. The average number of common shares outstanding in the recent six months was 6,938,000 compared to 5,234,000 in the same period a year ago, also reflecting the issuance of shares in the Gradison merger.
 Directors of the Company today declared a regular quarterly dividend of 7-1/2 cents per share payable on Nov. 20, 1992 to shareholders of record as of Nov. 11, 1992.
 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, N.J.
 -0- 10/28/92
 /CONTACT: Richard Clark of McDonald & Company Investments, Inc., 800-869-5666/
 (MDD) CO: McDonald & Company Investments, Inc. ST: Ohio IN: FIN SU: ERN


BM -- CL001 -- 5859 10/28/92 09:56 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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