NY Comptroller reports securities industry profits exceed $90 billion annually
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
A report by New York State Comptroller Thomas DiNapoli measured the profits of the broker-dealer operations of New York Stock Exchange member firms. The annual earnings for the industry are estimated to comfortably surpass $90 billion, exceeding last year’s record of $65.1 billion. The first half of the year was the strongest two-quarter period on record for the industry.
From moneycontrol.com
Why it matters
The profits generated by the securities industry are seen as a significant contribution to the New York State budget. This strong performance is described as a boon for New York City and its job market.
From moneycontrol.com
Who's involved
- New York Stock ExchangeThe subject of the profit measurement regarding its broker-dealer operations.
- New YorkThe state whose budget receives contributions from the industry's profits.
- Thomas DiNapoliThe official whose office conducted the profit measurement.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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New York Stock Exchange
American stock exchange
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New York
state of the United States of America
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New York City
most populous city in the United States