New York Stock Exchange member firms that conduct business with the public reported second-quarter 2006 after-tax profits of $2.95 billion and revenues of $78.64 billion, compared to $1.13 billion in after-tax profits on revenues of $53.32 billion in the second-quarter of 2005. For the second quarter of 2006, NYSE specialists reported after-tax profit of $26 million. During the same period last year, the specialists reported an after-tax profit of $33 million. Total specialist revenue in the second quarter of 2006 was $215 million, compared to $220 million in the second quarter of 2005. Comparative financial results are charted below: NYSE Member Firms Dealing with the Public
NYSE Specialists
* Record level Note: The increased specialists’ revenue and after-tax profit in the first quarter of 2006 resulted primarily from gains recorded in connection with the consummation of the merger between NYSE and Archipelago Holdings, Inc, on March 7, 2006, in which the specialists exchanged their NYSE memberships for shares of NYSE Group, Inc. common stock and cash. 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.
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FTSE Mondo Visione Exchanges Index:
NYSE Member Firms Report Second-Quarter 2006 Results
Date 05/09/2006