NYSE Member Firms Report Second-Quarter 2007 Results

New York Stock Exchange member firms that conduct business with the public reported second-quarter 2007 after-tax profits of $2.75 billion and revenues of $95.24 billion, compared with $2.948 billion in after-tax profits on revenues of $78.635 billion in the second quarter of 2006. For the first six months of 2007, the firms reported after-tax profits of $5.781 billion on revenues of $185.075 billion, compared with after-tax profits of $6.026 billion on revenues of $156.198 billion in the first six months of 2006. Comparative financial results in the table below:

Member Firms Dealing with the Public ($ in millions)

	2^nd Qtr. 2007	2^nd Qtr. 2006	1^st Qtr. 2007	Y-T-D 2007	Y-T-D 2006
Revenues	$95,240*	$78,635	$89,835	$185,075*	$156,198
Expenses	$91,009*	$74,100	$85,172	$176,181*	$146,929
After-Tax Profit/Loss	$2,750	$2,948	$3,031	$5,781	$6,026
After-Tax Annualized Return on Capital	4.9%	5.8%	5.7%	5.3%	6.1%
Assets	$5,870,865*	$4,584,734	$5,510,800	$5,870,865*	$4,584,734
Capital & Subordinations	$231,056*	$204,959	$219,501	$231,056	$204,959
Commission Revenues	$6,957	$6,979	$7,113	$14,071	$14,143
Number of Firms Reporting	193	213	199	202	220
Number of Profitable Firms	137	151	136	139	170
Aggregate Pre-Tax Earnings of Profitable Firms	$4,808	$4,722	$5,201	$10,009	$10,424
Number of Unprofitable Firms	56	62	63	63	50
Aggregate Pre-Tax Loss of Unprofitable Firms	($577)	($187)	($538)	(1,115)	(1,155)

* Record level

Note: Data is from NYSE member firms that conduct business with the public. The category generally also includes firms that trade primarily for their own account, but excludes 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)