Profits for its member firms that deal with the public were down in the third quarter compared with the previous year, The New York Stock Exchange said Tuesday.

NYSE firms reported a collective third quarter after-tax profit of US$4.7 billion on revenues of US$41.0 billion. This is down from an US$8.7 billion after-tax gain on revenues of US$48.0 billion in the third-quarter of 2009. Commission revenues were down from over US$6.3 billion in the quarter last year to just under US$5.5 billion in the third quarter this year.

Through the first three quarters of the year, profits are tracking a much lower than in 2009, at US$13.9 billion so far this year, compared with US$32.3 billion in the same period a year ago.

IE