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FOR IMMEDIATE RELEASE: MONDAY, JAN. 29, 2007
Investment Bank and Securities Dealing Receipts Up 25 Percent, Census Bureau Reports
Revenue in the investment banking and securities dealing
industry reached $158.9 billion in 2005, a 25 percent increase from $127.3 billion
in 2004, according to a report released today by the U.S. Census Bureau. This
industry is rebounding from two years of declining revenues in 2001 and 2002,
and has now surpassed the $145 billion in revenues reached in 2000.
The report, 2005
Service Annual Survey (SAS): Securities, Commodity Contracts, and Other Financial
Investments Activities and Related Activities, shows revenue for firms
with paid employees.
Other 2004-2005 changes:
- Commodity contracts brokerage revenue rose from $3.3 billion to $3.9 billion, an increase of 17 percent.
- The investment advice industry hiked revenues from $18.2 billion to $22.2 billion, an increase of 22 percent.
- Securities brokerage revenue rose from $115.6 billion to $131.1 billion, a 13 percent rise.
- Revenue of portfolio management firms increased from $80.9 billion to $91 billion, a 12 percent gain.
The estimates are from a newly selected sample for the 2005 SAS based on the 2002 NAICS and apply only to employer firms. Estimates contain sampling
and nonsampling errors. To keep the identity of an individual firm confidential,
some estimates may be suppressed. Users making their own estimates, based on the
survey estimates, should cite the U.S. Census Bureau as the source of the original
estimates only. See <http://www.census.gov/services/sas/cv.html
> for measures of sampling variability and other survey information.