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NYSE Member Firms Report Third-Quarter 2007 Results
NEW YORK, December 18, 2007 -- New York Stock Exchange member firms that conduct business with the public reported a third-quarter 2007 after-tax loss of $2.49 billion and revenues of $78.79 billion, compared with $2.64 billion in after-tax profits on revenues of $81.76 billion in third quarter 2006.

For the first nine months of 2007, the firms reported after-tax profits of $3.29 billion on record revenues of $263.87 billion, compared with after-tax profits of $8.67 billion on revenues of $237.96 billion in the first nine months of 2006.  Comparative financial results in the table below:

Member Firms Dealing with the Public ($ in millions)

 

3rd QTR
2007

3RD QTR
2006

2nd QTR
2007

Y-T-D
2007

Y-T-D
2006

Revenues

$78,792

$81,760

$95,240

$263,867*

$237,958

Expenses

$82,620

$77,697

$91,009

$258,801*

$224,626

After-Tax Profit/Loss

-$2,488

$2,641

$2,750

$3,293

$8,666

After-Tax Annualized
Return on Capital

-4.1%

5.1%

4.9%

1.9%

5.8%

Assets

$5,650,068

$4,838,611

$5,870,865

$5,650,068

$4,838,611

Capital & Subordinations

$249,023*

$207,613

$231,056

$249,023*

$207,613

Commission Revenues

$7,163

$6,042

$6,957

$21,234

$20,185

Number of Firms Reporting

196

206

193

205

221

Number of Profitable Firms

141

133

137

147

159

Aggregate Pre-Tax Earnings
of Profitable Firms

$4,481

$4,613

$4,808

$14,490

$15,037

Number of Unprofitable Firms

55

73

56

58

62

Aggregate Pre-Tax Loss
of Unprofitable Firms

($8,309)

($550

($577)

($9,424)

($1,705)

* Record level

Note: Data is from NYSE member firms that conduct business with the public. The category generally also includes firms that trade primarily for their own account, but excludes specialists.   All firms are registered broker-dealers with the SEC. Revenues are predominantly derived from investment banking, trading, commissions and interest.

Since the NYSE member firm community is composed of corporations and partnerships, after-tax earnings are presented on a pro-forma basis that assumes a corporate tax rate of 35 percent.

Links:

NYSE Member Firms Dealing with Public (Financial Summary) (pdf format)

Statement of Income (Loss) and Expense Unconsolidated (pdf format)

Statement of Financial Condition (pdf format)

 



Contact: Scott Peterson
Phone: 212-656-4089
Email:  speterson@nyse.com