On March 16, investment bank Bear Stearns (NYSE:BSC) released fourth-quarter earnings for the period ended Feb. 28, 2006.
- The SEC announced that it has accepted a $250 million settlement related to improper mutual-fund trading practices.
- The company ended the quarter as the No. 1 underwriter of mortgage-backed securities.
- Assets under management increased 14%.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|---|
|
Sales |
$2,050 |
$2,185 |
$1,838 |
18.9 |
|
Net Profit |
-- |
$514 |
$379 |
35.7 |
|
EPS |
$2.95 |
$3.54 |
$2.64 |
34.1 |
Get back to basics with a look at the income statement.
Segment Results
|
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|
|
Capital Markets |
$1,674 |
$1,396 |
19.9 |
|
Global Clearing |
$264 |
$270 |
(2.4) |
|
Wealth Mgmt. |
$223 |
$169 |
32 |
Financial Ratios
|
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|
|
Annualized ROAE |
20.1% |
17.8% |
2.3 |
|
Pre-tax profit margin |
34.4% |
31.5% |
2.9 |
|
Compensation / revenue |
47.9% |
49.3% |
(1.4) |
|
Book value / share |
75.46 |
62.88 |
20 |
Related Companies:
- Goldman Sachs (NYSE:GS)
- Lehman Brothers (NYSE:LEH)
- Merrill Lynch (NYSE:MER)
- Morgan Stanley (NYSE:MS)
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Stephen Simpson has no financial interest in any stocks mentioned (that means he's neither long nor short the shares).
