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NYSE Member Firms Report First-Quarter 2012 Results

NEW YORK, May 29, 2012 -- New York Stock Exchange member firms that conduct business with the public reported a first-quarter 2012 after-tax profit slightly over $4.7 billion and revenues of approximately $42.0 billion, compared with a nearly $1.3 billion after-tax loss on revenues of about $30.0 billion in the fourth-quarter of 2011. Comparative financial results are reported in the table below:

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

  1st QTR 2012 1st QTR 2011 4th QTR 2011
Revenue $42,039   $46,021   $30,405  
Expense $34,784   $36,697   $32,377  
After Tax Profit/Loss $4,716   $6,061   ($1,282)  
After Tax Annualized Return on Capital 7.0%   8.6%   -1.9%  
Assets $4,136,786   $4,215,476   $3,971,108  
Capital and subordinated liabilities $269,979   $283,635   $266,315  
Commission Revenues $6,005   $6,658   $5,575  
Firms 169   178   170  
Profitable Firms 116   131   92  
Aggregate PreTax Earnings of Profitable Firms $7,347   $9,432   $1,913  
Unprofitable Firms 53   47   78  
Aggregate PreTax Loss of Unprofitable Firms ($92) * ($108)   ($3,885)  

* 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.

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)

Contact: Paola Hernandez
Phone: 212.656.2420