Wednesday, August 7, 2013

US Security Brokers, Investment Advisors and Exchange Corps 2Q 2013 Earnings Up 24%

I included the very largest US Security Brokers and Investment Advisors in with the US Big Six Financial Corps in an earlier 2Q 2013 Earnings post.

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%