NYSE Member Firms Report Second-Quarter 2010 Results

New York Stock Exchange member firms that conduct business with the public reported a second-quarter 2010 after-tax profit of $2.5 billion and revenues of $36.0 billion, compared with a $18.2 billion after-tax loss on revenues of $63.0 billion in the second quarter of 2009. Comparative financial results are reported in the table below:

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

	2nd QTR 2010	2nd QTR 2009	1st QTR 2010	YTD 2010	YTD 2009
Revenues	$35,685	$62,615	$41,189	$76,874	$101,709
Expenses	$31,898	$34,611	$30,875	$62,773	$65,476
After-Tax Profit/Loss	$2,462	$18,202*	$6,704	$9,166	$23,551
After-Tax Annualized Return on Capital	3.8%	28.9%	10.5%	7.1%	18.9%
Assets	$3,889,741	$3,609,386	$3,993,585	$3,889,741	$3,609,386
Capital & Subordinations	$261,257	$258,391	$257,709	$261,257	$258,391
Commission Revenues	$6,285	$6,992	$5,742	$12,027	$13,543
Number of Firms Reporting	185	194	184	187	203
Number of Profitable Firms	119	139	117	124	139
Aggregate Pre-Tax Earnings of Profitable Firms	$5,151	$28,470	$10,645	$15,796	$38,171
Number of Unprofitable Firms	66	55	67	63	64
Aggregate Pre-Tax Loss of Unprofitable Firms	($1,364)	($466)	($331)	($1,695)	($1,938)

* 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)