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NYSE Member Firms Report Fourth-Quarter 2011 Results

NEW YORK, March 5, 2012 -- New York Stock Exchange member firms that conduct business with the public reported a fourth-quarter 2011 after-tax loss of nearly $1.3 billion and revenues of approximately $30.0 billion, compared with a nearly $2.0 billion after-tax loss on revenues of about $30.0 billion in the third-quarter of 2011. Comparative financial results are reported in the table below:

Member Firms Dealing with the Public ($ in millions):

 

4th QTR 2011

4th QTR 2010

3rd QTR 2011

YTD 2011

YTD 2010

Revenue

$30,405

$40,748

$29,949

$146,055

$158,819

Expenses

$32,377

$34,495

$32,909

$138,403

$131,196

After-Tax Profit/Loss

($1,282)

$4,064

($1,924)

$4,974

$17,955

After-Tax Annualized
Return on Capital

-1.9%

5.9%

-2.7%

1.8%

6.8%

Assets

$3,971,108

$4,017,076

$4,187,520

$3,971,108

$4,017,076

Capital and subordinations liabilities

$266,315

$279,406

$280,538

$266,315

$279,406

Commission Revenues

$5,575

$6,207

$6,801

$25,135

$23,727

Firms

170

182

175

181

189

Number of Profitable Firms

92

120

96

103

126

Aggregate Pre-Tax Earnings
of Profitable Firms

$1,913

$6,671

$1,617

$16,994

$30,226

Number of Unprofitable Firms

78

62

79

78

63

Aggregate Pre-Tax Loss
of Unprofitable Firms

($3,885)

($418)

($4,577)

($9,342)

($2,606)

* 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.

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: Katrina Clay
Phone: 212.656.2017
Email:  kclay@nyx.com