NYSE Member Firms Report Third-Quarter 2011 Results

New York Stock Exchange member firms that conduct business with the public reported a third-quarter 2011 after-tax loss of nearly $2.0 billion and revenues of about $30.0 billion, compared with a $2.1 billion after-tax gain on revenues of approximately $40.0 billion in the second-quarter of 2011. Comparative financial results are reported in the table below:

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

	3rd QTR 2011	3rd QTR 2010	2nd QTR 2011	YTD 2011	YTD 2010
Revenue	$29,949	$41,197	$39,680	$115,650	$118,071
Expenses	$32,909	$33,928	$36,420	$106,026	$96,701
After-Tax Profit/Loss	($1,924)	$4,725	$2,119	$6,256	$13,891
After-Tax Annualized Return on Capital	-2.7%	7.1%	3.0%	3.0%	7.1%
Assets	$4,187,520	$4,145,110	$4,268,095	$4,187,520	$4,145,110
Capital & Subordinations	$280,538	$274,509	$286,478	$280,538	$274,509
Commission Revenues	$6,801	$5,493	$6,101	$19,560	$17,520
Number of Firms Reporting	175	185	175	181	188
Number of Profitable Firms	96	123	110	114	123
Aggregate Pre-Tax Earnings of Profitable Firms	$1,617	$7,759	$4,032	$15,081	$23,557
Number of Unprofitable Firms	79	62	65	67	65
Aggregate Pre-Tax Loss of Unprofitable Firms	($4,577)	($493)	($772)	($5,457)	($2,187)

* 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)