Wall Street Firms Put Cap on Stellar Year

January 2006
Investment Dealers' Digest;1/23/2006, Vol. 72 Issue 3, p4
Trade Publication
The article reports on the success and the trading woes of Wall Street Firms, Merrill Lynch & Co. Inc. and JPMorgan Chase & Co., respectively. In Merrill Lynch, total net revenues jumped to $6.8 billion, a nearly 15 percent increase in 2005 as compared to 2004 and up from $6.7 billion in the third quarter of 2004. In 2005, revenues rose from 18 percent to $26 billion, helped by a 10 percent increase in investment-banking revenues and a 48 percent jump in principal transaction revenues. On the other hand, net revenues of JPMorgan Chase & Co., fell by 4 percent in 2005, with trading revenues plummeting 64 percent on a sequential basis.


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