For all of 2005, the firms reported after-tax profits of $6.14 billion on revenues of $229.82 billion, compared with after-tax profits of $8.92 billion on revenues of $160.25 billion for all of 2004.
For fourth-quarter 2005, NYSE specialists reported after-tax profit of $47 million. During the same period last year, the specialists reported an after-tax loss of $41 million. Total specialist revenue in fourth-quarter 2005 was $241 million, compared to $236 million in fourth-quarter 2004. For all of 2005, specialists reported after-tax profits of $166 million on revenues of $904 million, compared with an after-tax loss of $38 million on revenues of $902 million in 2004. Comparative financial results are charted below:
NYSE Member Firms Dealing with the Public
($ in millions)
|
|
4th Qtr.2005 |
4th Qtr.2004 |
3rd Qtr.2005 |
Y-T-D2005 |
Y-T-D2004 |
|
Revenues |
$66,147* |
$46,999 |
$61,129 |
$229,820 |
$160,249 |
|
Expenses |
$63,850* |
$42,291 |
$58,334 |
$220,373 |
$146,531 |
|
After-Tax Profit/(Loss) |
$1,493 |
$3,060 |
$1,817 |
$6,141 |
$8,917 |
|
After-Tax Annualized Return on Capital |
3.2% |
7.1% |
4.0% |
3.4% |
5.4% |
| Assets | $4,211,634 | $3,841,156 | $4,228,907 | $4,211,634 | $3,841,156 |
| Capital & Subordinations | $189,586* | $173,580 | $184,785 | $189,586 | $173,580 |
| Commission Revenues | $6,571 | $6,740 | $6,447 | $25,611 | $26,386 |
|
Number of Firms Reporting |
217 | 229 | 219 | 232 | 243 |
|
Number of Profitable Firms |
134 | 156 | 164 | 147 | 165 |
|
Aggregate Pre-TaxEarnings of Profitable Firms |
$3,979 | $5,274 | $3,366 | $13,813 | $17,552 |
|
Number ofUnprofitable Firms |
83 | 73 | 55 | 85 | 78 |
|
Aggregate Pre-Tax Loss of Unprofitable Firms |
($1,682) |
($566) |
($571) |
($4,366) |
($3,834) |
NYSE Specialists
($ in millions)
|
|
4th Qtr.2005 |
4th Qtr.2004 |
3rd Qtr.2005 |
Y-T-D2005 |
Y-T-D2004 |
|
Revenues |
$241 |
$236 |
$216 |
$904 |
$902 |
|
Expenses |
$159 |
$286 |
$140 |
$610 |
$943 |
|
After-Tax Profit/(Loss) |
$47 |
($41) |
$43 |
$166 |
($38) |
|
After-Tax Annualized Return on Capital |
4.2% |
-4.0% |
3.9% |
3.9% |
-0.9% |
* Record Level
Note: For member firms dealing with the public, the figures collected by NYSE Regulation include revenue from all sources, including trading, interest and commission income. Since the NYSE member firm community is made up of corporations and partnerships, after-tax earnings are presented on a pro-forma basis assuming a regular corporate tax rate or credit of 35 percent.
The category of member firms dealing with the public generally excludes specialists, but includes firms that primarily trade for their own account, rather than doing a public business.
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)
