Business Services Industry
Merrill Lynch Quarterly Profits Gives Stock a Boost.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, January, 2000 by Faizy, Monique El-
Jan. 26--Wall Street leader Merrill Lynch reported record quarterly profits yesterday -- more than double those of a year ago -- helping boost its stock 7 percent.
Net profits at the country's largest brokerage were $764 million, or $1.80 a share, in the last three months of 1999.
Wall Street had expected Merrill to report $1.39 a share.
A year earlier, during a particularly weak quarter for many firms because of volatile foreign markets, it earned $405 million, or 86 cents a share.
"Investors embraced our new choice platform combining technology with advice and guidance, and brought new assets to the firm at an accelerating rate," Merrill chairman David Komansky said in a statement.
"A strong fourth quarter capped a very...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
