WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

                                                                     EXHIBIT 27
<ARTICLE> BD
<LEGEND>
This  Schedule  contains  summary  financial   information  extracted  from  the
financial  statements contained in the body of the accompanying Form 10-K and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK>                         0000777001
<NAME>                        Bear Stearns Companies Inc.
<MULTIPLIER> 1,000
<CURRENCY> 0

                                     
<PERIOD-TYPE>                             YEAR
<FISCAL-YEAR-END>                         JUN-30-1999
<PERIOD-START>                            JUL-01-1998
<PERIOD-END>                              JUN-30-1999
<EXCHANGE-RATE>                                  1.00
<CASH>                                      2,129,080
<RECEIVABLES>                              16,329,328
<SECURITIES-RESALE>                        32,996,226
<SECURITIES-BORROWED>                      54,173,726
<INSTRUMENTS-OWNED>                        41,942,878
<PP&E>                                        486,735
<TOTAL-ASSETS>                            153,894,340
<SHORT-TERM>                                        0
<PAYABLES>                                 43,561,082
<REPOS-SOLD>                               50,673,644
<SECURITIES-LOANED>                         1,190,808
<INSTRUMENTS-SOLD>                         21,506,372
<LONG-TERM>                                14,647,092
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                   800,000
<COMMON>                                      176,011
<OTHER-SE>                                  3,979,498
<TOTAL-LIABILITY-AND-EQUITY>              153,894,340
<TRADING-REVENUE>                           1,929,137
<INTEREST-DIVIDENDS>                        4,008,566
<COMMISSIONS>                               1,013,909
<INVESTMENT-BANKING-REVENUES>                 839,301
<FEE-REVENUE>                                       0
<INTEREST-EXPENSE>                          3,379,914
<COMPENSATION>                              2,285,594
<INCOME-PRETAX>                             1,064,108
<INCOME-PRE-EXTRAORDINARY>                  1,064,108
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                  673,048
<EPS-BASIC>                                      4.48
<EPS-DILUTED>                                    4.48