NYSE Member Firms Report First-Quarter 2007 Results

New York Stock Exchange member firms that conduct business with the public reported first-quarter 2007 after-tax profits of $3.03 billion and revenues of $89.84 billion, compared with $3.08 billion in after-tax profits on revenues of $77.56 billion in first quarter of 2006.

Member Firms Dealing with the Public ($ in millions)

	1st Qtr. 2007	1st Qtr. 2006	4th Qtr. 2006
Revenues	$89,835	$77,563	$93,382*
Expenses	$85,172	$72,829	$85,817*
After-Tax Profit/Loss	$3,031	$3,078	$4,917
After-Tax Annualized Return on Capital	5.7%	6.3%	9.5%
Assets	$5,510,800*	$4,504,236	$5,019,450
Capital & Subordinations	$219,501*	$199,194	$206,553
Commission Revenues	$7,113	$7,164	$6,481
Number of Firms Reporting	199	216	204
Number of Profitable Firms	136	170	134
Aggregate Pre-Tax Earnings of Profitable Firms	$5,201	$5,702	$7,704
Number of Unprofitable Firms	63	46	70
Aggregate Pre-Tax Loss of Unprofitable Firms	(538)	(968)	(139)

* Record level

Note:

This 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)