Merrill Lynch & Co., Inc.
Industry: Investment Services

Merrill Lynch is one of the world's leading financial management and advisory companies with offices in 36 countries and total client assets of approximately $1.3 trillion. As an investment bank, it is the top global underwriter of debt and equity securities and a leading strategic advisor to corporations, governments, institutions, and individuals worldwide. Through Merrill Lynch Investment Managers, the company is one of the world's largest managers of financial assets.

Business Summary
Merrill Lynch & Co., Inc. is a holding company that, through its subsidiaries and affiliates, provides broker-dealer, investment banking, financing, wealth management, advisory, asset management, insurance, lending and related products and services on a global basis. Merrill Lynch provides these products and services to an array of clients, including individual investors, small businesses, corporations, financial institutions, governments and government agencies. The Company's business activities are grouped into three business segments: Global Markets and Investment Banking (GMI), Global Private Client (GPC) and Merrill Lynch Investment Managers (MLIM).

Financial Summary
For the thirty nine weeks ended 30 September 2005, Merrill Lynch & Co. Inc.'s revenues increased 49% to $34.17B. Net income increased 14% to $3.68B. Revenues reflect increased interest and dividend income. Net income was partially offset by increased interest expense, higher communications & technology expense, increased occupancy & related depreciation expense, higher brokerage, clearing & exchange fees and higher consolidated investments expense.