Second Quarter Net Earnings Total $541 Million
Merrill Lynch reported second-quarter net earnings of $541 million today. That's 41% lower than the firm's second-quarter earnings a year ago. Year-to-date net earnings are $1.4 billion, down 30% from last year, according to the company. The firm's Corporate and Institutional Client Group represented the largest part of the overall decline with earnings of $534 million, down 49% from the second quarter of 2000.