{"id":310070,"date":"2008-09-11T10:45:00","date_gmt":"2008-09-11T15:45:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/nyse-member-firms-regain-profitablity-in-q2\/"},"modified":"2008-09-11T10:45:00","modified_gmt":"2008-09-11T15:45:00","slug":"nyse-member-firms-regain-profitablity-in-q2","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/nyse-member-firms-regain-profitablity-in-q2\/","title":{"rendered":"NYSE member firms regain profitablity in Q2"},"content":{"rendered":"

Brokerage firms on the New York Stock Exchange returned to profitability in the second quarter, although they reported a sharp decline from the same period a year ago.

NYSE member firms that conduct business with the public reported after-tax profits of US$1.07 billion (for the second quarter, down from US$2.75 billion in the same quarter a year ago.

Revenues were also down significantly to US$61.01 billion, compared with US$95.24 billion in the second quarter of 2007.

In the year-to-date, NYSE firms are reporting a collective loss of US$13.5 billion, down from a profit of US$5.8 billion for the same period last year.

In the first quarter of 2008, firms reported a loss of US$14.5 billion.

EI<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Brokerage firms on the New York Stock Exchange returned to profitability in the second quarter, although they reported a sharp decline from the same period a year ago.NYSE member firms that conduct business with the public reported after-tax profits of US$1.07 billion (for the second quarter, down from US$2.75 billion in the same quarter a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[2745,2483],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/310070"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=310070"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/310070\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=310070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=310070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=310070"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=310070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}