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Stock Trading Revenues Dipping at the Big Shops

Traders Magazine, August 2004

Peter Chapman

Equity trading revenues are sagging at some of the Street's biggest houses. Commissions and trading revenues fell significantly at a group of the biggest equities shops during the second quarter. Following a strong start in the first quarter, Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, Bear Stearns and Jefferies Group all reported weaker second quarter results.

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