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Industry Report Card: U.S. Brokerage Companies Have Another Strong Quarter Despite Weak Markets Aug 06 Product Image

Industry Report Card: U.S. Brokerage Companies Have Another Strong Quarter Despite Weak Markets Aug 06

  • Published: August 2006
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Bear Stearns Cos. LLC
  • ConvergEx Group LLC
  • E*TRADE Financial Corp.
  • Jefferies Group LLC
  • Lazard Group LLC
  • Merrill Lynch & Co. Inc.
  • MORE

Abstract
In second-quarter 2006, the U.S. brokerage industry continued to do surprisingly well despite weakness in equity markets beginning in May and continuing through the summer. Other markets, including commodities, interest-rate products, and credit, continue to perform well, the latter against substantial headwinds. Credit spreads have behaved relatively well despite historically very tight levels. Globally, mortgage securitization volumes did not decline to the extent one might expect as the housing market cools. In short, if the economy and markets are set to perform poorly, no one has told the brokerage industry. Nevertheless, a few in the industry are preparing for weaker revenues ahead. Standard & Poor's Ratings Services is aware that certain companies are examining their costs so that they can...

Companies mentioned in this report are:
- Merrill Lynch & Co. Inc.
- Bear Stearns Cos. LLC
- Lehman Brothers Holdings Inc.
- Morgan Stanley
- Jefferies Group LLC
- The Goldman Sachs Group Inc.
- Charles Schwab Corp.
- LaBranche & Co Inc.
- TD AMERITRADE Holding Corp.
- E*TRADE Financial Corp.
- Credit Suisse (USA) Inc.
- READ MORE >

- Merrill Lynch & Co. Inc.
- Bear Stearns Cos. LLC
- Lehman Brothers Holdings Inc.
- Morgan Stanley
- Jefferies Group LLC
- The Goldman Sachs Group Inc.
- Charles Schwab Corp.
- LaBranche & Co Inc.
- TD AMERITRADE Holding Corp.
- E*TRADE Financial Corp.
- Credit Suisse (USA) Inc.
- IBG LLC
- Raymond James Financial Inc.
- Lazard Group LLC
- LPL Holdings Inc.
- ConvergEx Group LLC

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