NYSE Member Firms Report Second-Quarter 2011 Results

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):

	2nd QTR 2011	2nd QTR 2010	1st QTR 2011	YTD 2011	YTD 2010
Revenue	$39,680	$35,685	$46,021	$85,701	$76,874
Expenses	$36,420	$31,898	$36,697	$73,117	$62,773
After-Tax Profit/Loss	$2,119	$2,462	$6,061	$8,180	$9,166
After-Tax Annualized Return on Capital	3.0%	3.8%	8.6%	5.8%	7.1%
Assets	$4,268,095	$3,889,741	$4,215,476	$4,268,095	$3,889,741
Capital & Subordinations	$286,478	$261,257	$283,635	$286,478	$261,257
Commission Revenues	$6,101	$6,285	$6,658	$12,759	$12,027
Number of Firms Reporting	175	185	178	180	187
Number of Profitable Firms	110	119	131	128	124
Aggregate Pre-Tax Earnings of Profitable Firms	$4,032	$5,151	$9,432	$13,464	$15,796
Number of Unprofitable Firms	65	66	47	52	63
Aggregate Pre-Tax Loss of Unprofitable Firms	($772)	($1,364)	($108)	($880)	(1,695)

* 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)