NYSE Member Firms Report Third-Quarter 2010 Results

New York Stock Exchange member firms that conduct business with the public reported a third-quarter 2010 after-tax profit of $4.7 billion and revenues of $41.0 billion, compared with an $8.7 billion after-tax gain on revenues of $48.0 billion in the third-quarter of 2009. Comparative financial results are reported in the table below:

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

	3nd QTR 2010	3nd QTR 2009	2nd QTR 2010	YTD 2010	YTD 2009
Revenues	$41,197	$48,054	$35,685	$118,071	$149,763
Expenses	$33,928	$34,602	$31,898	$96,701	$100,078
After-Tax Profit/Loss	$4,725	$8,744	$2,462	$13,891	$32,295
After-Tax Annualized Return on Capital	7.1%	13.4%	3.8%	7.1%	17.0%
Assets	$4,145,110	$3,856,021	$3,889,741	$4,145,110	$3,856,021
Capital & Subordinations	$274,509*	$265,555	$261,257	$274,509*	$265,555
Commission Revenues	$5,493	$6,330	$6,285	$17,520	$19,873
Number of Firms Reporting	185	205	185	188	214
Number of Profitable Firms	123	135	119	123	149
Aggregate Pre-Tax Earnings of Profitable Firms	$7,759	$13,729	$5,151	$23,555	$51,900
Number of Unprofitable Firms	62	70	66	65	65
Aggregate Pre-Tax Loss of Unprofitable Firms	($493)	($277)	($1,364)	($2,188)	($2,215)

* 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)