Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, April 8, 2008

NYSE Firms Lost Over $7 Billion in 2007

New York Stock Exchange member firms that conduct business with the public reported a fourth-quarter 2007 after-tax loss of $10.64 billion and revenues of $88.18 billion, compared with $4.92 billion in after-tax profits on revenues of $93.38 billion in fourth quarter 2006. For 2007, the firms reported an after-tax loss of $7.35 billion on record revenues of $352.05 billion, compared with an after-tax profit of $13.58 billion on revenues of $331.34 billion in 2006. Comparative financial results are in the attached table.

http://lawprofessors.typepad.com/securities/2008/04/nyse-firms-lost.html

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