Advertisement
YOU ARE HERE: LAT HomeCollectionsSecurities Industry Finances
IN THE NEWS

Securities Industry Finances

FEATURED ARTICLES
BUSINESS
March 17, 1992 | From Times Staff and Wire Reports
Securities Industry's 1991 Profit Is Record: Wall Street posted a record profit last year, thanks to booming stock and underwriting markets and controls on expenses, industry estimates showed. The Securities Industry Assn. said investment and brokerage firms made $300 million to $400 million more in the last three months of 1991 than earlier projections of $1.5 billion in quarterly pretax profit. That would push fourth-quarter pretax profit to at least $1.8 billion and annual profit to about $5.
ARTICLES BY DATE
BUSINESS
February 21, 1994 | From Associated Press
Although Wall Street is booming these days, you couldn't tell it from the action in most securities industry stocks. Shares of the leading publicly traded investment firms have fallen 15% to 30% lately from the record highs they reached last year. That puts their prices at miserly ratios as low as six, seven or eight times the firms' most recent 12 months earnings. Take the case of Merrill Lynch, by far the biggest firm on the Street and a company that recently reported a record profit of $1.
Advertisement
BUSINESS
May 18, 1992 | From Times Staff and Wire Reports
Commodity Exchange to Cut Staff: The Comex, responding to the sluggish markets for gold and silver, will cut its staff by about 8% through a combination of layoffs, attrition and leaving vacant positions open. The reductions will occur across the board and will result in the layoffs of five people on Comex's 206-person staff. The remaining 12 reductions will occur through attrition and not filling vacancies, said David Halperin, Comex president.
BUSINESS
May 18, 1992 | From Times Staff and Wire Reports
Commodity Exchange to Cut Staff: The Comex, responding to the sluggish markets for gold and silver, will cut its staff by about 8% through a combination of layoffs, attrition and leaving vacant positions open. The reductions will occur across the board and will result in the layoffs of five people on Comex's 206-person staff. The remaining 12 reductions will occur through attrition and not filling vacancies, said David Halperin, Comex president.
BUSINESS
February 21, 1994 | From Associated Press
Although Wall Street is booming these days, you couldn't tell it from the action in most securities industry stocks. Shares of the leading publicly traded investment firms have fallen 15% to 30% lately from the record highs they reached last year. That puts their prices at miserly ratios as low as six, seven or eight times the firms' most recent 12 months earnings. Take the case of Merrill Lynch, by far the biggest firm on the Street and a company that recently reported a record profit of $1.
BUSINESS
March 17, 1992 | From Times Staff and Wire Reports
Securities Industry's 1991 Profit Is Record: Wall Street posted a record profit last year, thanks to booming stock and underwriting markets and controls on expenses, industry estimates showed. The Securities Industry Assn. said investment and brokerage firms made $300 million to $400 million more in the last three months of 1991 than earlier projections of $1.5 billion in quarterly pretax profit. That would push fourth-quarter pretax profit to at least $1.8 billion and annual profit to about $5.
Los Angeles Times Articles
|