Merrill 2nd-Quarter Profit Up 61 Percent
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Merrill 2nd-Quarter Profit Up 61 Percent
Reuters
Merrill 2nd-Quarter Profit Up 61 Percent
Tuesday July 15, 7:37 am ET
NEW YORK (Reuters) - Merrill Lynch & Co. (NYSEMERNews), the No. 1 U.S. brokerage, on Tuesday said second-quarter profit rose 61 percent, as bond trading strength helped boost results.
New York-based Merrill, which has $1.1 trillion in assets, reported net income of $1.02 billion, or $1.05 per share, for the quarter. That compared with $634 million, or 66 cents, in the year-earlier period.
Merrill 2nd-Quarter Profit Up 61 Percent
Tuesday July 15, 7:37 am ET
NEW YORK (Reuters) - Merrill Lynch & Co. (NYSEMERNews), the No. 1 U.S. brokerage, on Tuesday said second-quarter profit rose 61 percent, as bond trading strength helped boost results.
New York-based Merrill, which has $1.1 trillion in assets, reported net income of $1.02 billion, or $1.05 per share, for the quarter. That compared with $634 million, or 66 cents, in the year-earlier period.
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