On March 16, investment bank Bear Stearns
- 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)
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Fool contributor Stephen Simpson has no financial interest in any stocks mentioned (that means he's neither long nor short the shares).