NEW YORK, September 14, 2011 -- New York Stock Exchange member firms that conduct business with the public reported a second-quarter 2011 after-tax profit of $2.1 billion and revenues of $39.7 billion, compared with a $6.1 billion after-tax gain on revenues of $46.0 billion in the first-quarter of 2011. Comparative financial results are reported in the table below:
Member Firms Dealing with the Public ($ in millions):
* Record level
Note: Data is from NYSE member firms that conduct business with the public. Revenues include firms that trade primarily for their own account, but excludes designated market makers (formerly known as 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.Statement of Financial Condition (pdf format)