NYSE Member Firms Report Third-Quarter 2007 Results

New York Stock Exchange member firms that conduct business with the public reported a third-quarter 2007 after-tax loss of $2.49 billion and revenues of $78.79 billion, compared with $2.64 billion in after-tax profits on revenues of $81.76 billion in third quarter 2006.

For the first nine months of 2007, the firms reported after-tax profits of $3.29 billion on record revenues of $263.87 billion, compared with after-tax profits of $8.67 billion on revenues of $237.96 billion in the first nine months of 2006. Comparative financial results in the table below:

Member Firms Dealing with the Public ($ in millions)

	3rd QTR 2007	3RD QTR 2006	2nd QTR 2007	Y-T-D 2007	Y-T-D 2006
Revenues	$78,792	$81,760	$95,240	$263,867*	$237,958
Expenses	$82,620	$77,697	$91,009	$258,801*	$224,626
After-Tax Profit/Loss	-$2,488	$2,641	$2,750	$3,293	$8,666
After-Tax Annualized Return on Capital	-4.1%	5.1%	4.9%	1.9%	5.8%
Assets	$5,650,068	$4,838,611	$5,870,865	$5,650,068	$4,838,611
Capital & Subordinations	$249,023*	$207,613	$231,056	$249,023*	$207,613
Commission Revenues	$7,163	$6,042	$6,957	$21,234	$20,185
Number of Firms Reporting	196	206	193	205	221
Number of Profitable Firms	141	133	137	147	159
Aggregate Pre-Tax Earnings of Profitable Firms	$4,481	$4,613	$4,808	$14,490	$15,037
Number of Unprofitable Firms	55	73	56	58	62
Aggregate Pre-Tax Loss of Unprofitable Firms	($8,309)	($550	($577)	($9,424)	($1,705)

* 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)