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30. Merrill Lynch
Merrill Lynch
Financials: Latest Results
Rank: 30 (Previous rank: 22)
Compare tool: Merrill Lynch vs. Top 10
CEO: John A. Thain
Address: 4 World Financial Center
New York, NY 10080
Phone: 212-449-1000
Website: www.ml.com
Big drama unfolded at the Wall Street firm last year. Under CEO Stanley O'Neal, it had invested heavily in collateralized debt obligations backed by subprime mortgages. Following a third-quarter writedown of $8.4 billion for its mortgage losses, O'Neal floated the idea of a merger with the executives of Wachovia - except he didn't consult Merrill's board, a major breach of corporate conduct.

In October, O'Neal was ousted and later replaced by John Thain, former chief executive of the NYSE. With a fourth-quarter writedown of $14.6 billion and its worst-ever quarterly loss, Merrill ended the year in the red by $7.7 billion.

Revenues 64,217.0 -9.0
Profits -7,777.0 -203.7
Assets 1,020,050.0
Stockholders' equity 31,932.0
Market value (3/28/2008) 39,195.8
Revenues -12.1
Assets -0.8
Stockholders' equity -24.4
2007 $ -9.69
% change from 2006 -227.7
1997-2007 annual growth rate % N.A.
2007 -41.2
1997-2007 annual rate 5.3
Industry: Securities
1 Goldman Sachs Group 20 87,968.0
2 Morgan Stanley 21 87,879.0
3 Merrill Lynch 30 64,217.0
4 Lehman Brothers Holdings 37 59,003.0
5 Bear Stearns 156 16,151.0
6 Franklin Resources 389 6,205.8
7 Charles Schwab 402 6,063.0
8 BlackRock 475 4,844.7
9 International Assets Holding 512 4,460.3
10 Legg Mason 524 4,343.7
11 NYSE Euronext 542 4,158.0
12 A.G. Edwards 655 3,126.1
13 Raymond James Financial 658 3,109.6
14 Jefferies Group 726 2,718.9
15 TD Ameritrade 746 2,632.4
16 Nasdaq OMX Group 786 2,436.6
17 T. Rowe Price 831 2,233.1
18 E*Trade Financial 833 2,222.6
19 Interactive Brokers Group 890 2,023.4
20 CME Group 959 1,756.1
From the May 5, 2008 issue
Revenues: Includes revenues from discontinued operations.
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