Profits generated by New York Stock Exchange firms rocketed ahead in the first quarter, according to new data.The NYSE announced yesterday that its member firms that conduct business with the public reported first-quarter 2006 after-tax profits of US$3.08 billion and revenues of US$77.56 billion, compared to US$1.7 billion in after-tax profits on revenues of US$49.22 […]
Gross sales of mutual funds increase 76.9%
Acquisitions made in previous two years contributing to overall financial performance
Pre-tax profits up 25% in 2005
Revenue up 30%
The U.S. Securities Industry Association released industry profit reports for 2005 and data for the first quarter of 2006, which suggested the new year started strongly.The SIA said that results for NASD-reporting firms in the first quarter were impressive. Profits for these firms were US$3.1 billion, a jump of 62.0% over the immediately preceding quarter […]
Another record quarter for fixed income, currency and commodities trading
Lehman Brothers Holdings Inc. today reported net income of US$1 billion for the second quarter ended May 31, up 47% from the second quarter of fiscal 2005. However, the second quarter results represented a decrease of 8% from record net income reported in the first quarter of fiscal 2006. For the first half of fiscal […]
Net income also rose by 49% for the first six months of fiscal 2006
Leading assets also continued to show steady growth