NYSE Member Firms Report Third-Quarter 2002 Results

New York Stock Exchange member firms that conduct business with the public reported third-quarter 2002 after-tax profits of $564 million and revenues of $35.62 billion, a 39.3 percent increase and 18.4 percent decline, respectively, compared to $405 million in after-tax profits on revenues of $43.64 billion in third-quarter 2001. In the first nine months of 2002, the firms reported after-tax profits of $3.82 billion on revenues of $113.17 billion, compared with $4.93 billion on revenues of $152.50 billion in the first nine months of 2001.

For third-quarter 2002, NYSE specialists reported after-tax profits of $107 million, an 87.7 percent increase from the year-ago quarter's $57 million. Total specialist revenue grew by 26.8 percent in third-quarter 2002, to $440 million, from $347 million in third-quarter 2001. In the first nine months of 2002, specialists reported after-tax profits of $291 million on revenues of $1.24 billion, compared to after tax-profits of $310 million on revenues of $1.32 billion in the first nine months of 2001.