In addition, there are 10 other US Security Brokers, Investment Advisors and Exchange Corps which generated Adjusted Earnings of more than $100 mil in either the 2Q 2013 or the 2Q 2012.
These 10 Corps generated 2Q 2013 Total After-tax Adjusted Earnings which were up a very robust 24% over the 2Q 2012. And all 10 of them had very nice earnings increases, with 9 of them generating double-digit percentage earnings growth.
Clearly, the overwhelming beneficiaries of this very robust earnings growth is the Big Financial Industry itself along with the wealthy, thereby further expanding the gargantuan economic gap between the wealthy and everyone else.
Below here are the earnings of these 10 US Security Brokers, Investment Advisors and Exchange Corps for the 2Q 2013 and for the comparable 2Q 2012:
2Q 2013 | 2Q 2012 | |||
Adjusted | Adjusted | |||
Net | Net | |||
Income | Income | |||
From | From | |||
Continuing | Continuing | Increase | Increase | |
Operations | Operations | (Decrease) | (Decrease) | |
mil $s | mil $s | Amount | % | |
US Security Brokers, Investment Advisors and Exchanges | ||||
BlackRock | 722 | 558 | 164 | 29% |
Franklin Resources | 552 | 455 | 97 | 21% |
Ameriprise Financial | 352 | 254 | 98 | 39% |
CME Group | 311 | 245 | 66 | 27% |
Charles Schwab | 256 | 231 | 25 | 11% |
T Rowe Price Group | 248 | 207 | 41 | 20% |
Invesco Ltd | 224 | 180 | 44 | 24% |
TD Ameritrade | 184 | 144 | 40 | 28% |
Intercontinental Exchange | 153 | 143 | 10 | 7% |
NYSE Euronext | 153 | 128 | 25 | 20% |
Total all 10 | 3,155 | 2,545 | 610 | 24% |