NYSE Member Firms Report Second-Quarter 2013 Results

New York Stock Exchange member firms that conduct business with the public reported a second-quarter 2013 after-tax profit of $2.2 billion and revenues of approximately $39.5 billion, compared with a $4.2 billion after-tax profit on revenues of about $43.0 billion in the first-quarter of 2013. Comparative financial results are reported in the table below:

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

	2nd QTR 2013	2nd QTR 2012	1st QTR 2013	YTD 2013	YTD 2012
Revenue	$39,505	$37,070	$43,368	$82,873	$79,109
Expense	$36,008	$33,810	$36,775	$72,783	$68,594
After Tax Profit/Loss	$2,273	$2,119	$4,285	$6,558	$6,835
After Tax Annualized Return on Capital	3.2%	3.1%	6.1%	4.6%	5.1%
Assets	$4,116,318	$4,129,590	$4,154,335	$4,116,318	$4,129,590
Capital and subordinated liabilities	$285,265	$269,279	$284,107	$285,265	$269,279
Commission Revenues	$6,203	$5,612	$5,733	$11,936	$11,617
Firms	163	164	164	166	170
Profitable Firms	109	92	113	114	105
Aggregate PreTax Earnings of Profitable Firms	$4,962	$3,918	$6,794	$11,756	$11,265
Unprofitable Firms	54	72	51	52	65
Aggregate PreTax Loss of Unprofitable Firms	($1,465)	($658)	($201)	($1,666)	($750)

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)