<TABLE> <S> <C>

<PAGE>
<ARTICLE> BD
<RESTATED> 
       
<S>                             <C>                     <C>                    <C>                     <C>              <C>
<PERIOD-TYPE>                   3-MOS                   YEAR                   9-MOS                   6-MOS            3-MOS
<FISCAL-YEAR-END>               JUN-26-1998             JUN-27-1997             JUN-27-1997             JUN-27-1997     JUN-27-1997
<PERIOD-START>                  JUN-28-1997             JUN-29-1996             JUN-29-1996             JUN-29-1996     JUN-29-1996
<PERIOD-END>                    SEP-26-1997             JUN-27-1997             MAR-27-1997             DEC-31-1996     SEP-27-1996
<CASH>                               41,132                  10,745                  13,407                   9,479           7,274
<RECEIVABLES>                     2,861,965               2,852,765               2,713,304               2,379,149       2,127,601
<SECURITIES-RESALE>                  78,458                 232,123                 190,069                 165,637         183,784
<SECURITIES-BORROWED>             2,100,498               2,159,204               2,077,052               1,785,018       1,589,345
<INSTRUMENTS-OWNED>                  35,201                  31,921                  23,001                  36,273          34,049
<PP&E>                                9,960                  10,064                  15,840                   9,445           5,779
<TOTAL-ASSETS>                    3,132,949               3,276,392               3,085,315               2,728,012       2,480,039
<SHORT-TERM>                          4,000                   4,000                  42,130                  30,975          45,600
<PAYABLES>                        2,950,698               3,103,163               2,888,471               2,546,020       2,297,355
<REPOS-SOLD>                              0                       0                       0                       0               0
<SECURITIES-LOANED>               2,075,249               2,102,972               2,052,793               1,751,925       1,548,308
<INSTRUMENTS-SOLD>                    4,243                   5,343                   1,294                     882             622
<LONG-TERM>                               0                       0                       0                       0               0
<PREFERRED-MANDATORY>                     0                       0                       0                       0               0
<PREFERRED>                               0                       0                       0                       0               0
<COMMON>                              1,018                   1,016                     879                     879             879
<OTHER-SE>                          110,582                 105,912                  94,409                  90,587          87,120
<TOTAL-LIABILITY-AND-EQUITY>      3,132,949               3,276,392               3,085,315               2,728,012       2,480,039
<TRADING-REVENUE>                     3,138                  11,856                   8,639                   6,300           3,091
<INTEREST-DIVIDENDS>                 34,378                 119,176                  83,968                  53,720          25,561
<COMMISSIONS>                        13,887                  38,882                  28,269                  17,800           8,248
<INVESTMENT-BANKING-REVENUES>         4,376                  16,031                  11,254                   6,600           3,669
<FEE-REVENUE>                         6,707                  22,693                  16,404                  10,418           4,725
<INTEREST-EXPENSE>                   24,308                  83,238                  58,283                  37,178          18,002
<COMPENSATION>                       20,326                  65,062                  47,321                  29,851          14,779
<INCOME-PRETAX>                       7,785                  25,743                  18,337                  11,961           6,014
<INCOME-PRE-EXTRAORDINARY>            7,785                  25,743                  18,337                  11,961           6,014
<EXTRAORDINARY>                           0                       0                       0                       0               0
<CHANGES>                                 0                       0                       0                       0               0
<NET-INCOME>                          5,045                  16,983                  12,033                   7,787           3,928
<EPS-PRIMARY>                           .50                    1.74                    1.25                     .81             .41
<EPS-DILUTED>                           .50                    1.74                    1.24                     .81             .41
        

</TABLE>