(Bloomberg) -- Merrill Lynch & Co., the world's biggest brokerage, may report record first-quarter earnings as revenue from share sales and advising on takeovers outweighs any from subprime mortgages.
Stock-underwriting fees probably rose more than 50 percent as New York-based Merrill became the world's top manager of initial public offerings for the first time since 2004, data compiled by Bloomberg show. The firm helped arrange $173 billion of mergers in the quarter, including the leveraged buyout of Equity Office Properties Trust, which paid Merrill $30 million.
Read more at Bloomberg Currencies News
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