Brokerage firms that belong to the New York Stock Exchange reported flat profits for the second quarter, although revenues were much improved.

NYSE firms reported after-tax profits of US$1.13 billion and revenues of US$53.32 billion for the second quarter, compared to US$1.13 billion in after-tax profits on revenues of US$36.07 billion in second-quarter 2004.

For second-quarter, NYSE specialists reported after-tax profit of US$33 million. During the same period last year, the specialists reported US$25 million in after-tax profits. Total specialist revenue in second-quarter 2005 was US$220 million, compared to US$222 million in second-quarter 2004.

In the first six months of 2005, the brokerage firms reported profits of US$2.83 billion on revenues of US$102.54 billion, compared with profits of US$4.43 billion on revenues of US$75.49 billion in the first six months of 2004. In the same period, the specialists reported profits of US$76 million on revenues of US$447 million, compared with profits of US$15 million on revenues of US$474 million in the first six months of 2004.