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Home > Fortune 500 Companies > Merrill Lynch
Merrill Lynch
Merrill Lynch is a publicly traded company having a good stock performances result. They are one of the world’s leading financial management and advisory companies, with offices in 36 countries and territories and total client assets of approximately 1.6 trillion dollars, at the end of 2004. Merrill Lynch is a Fortune 500 stock listed company trading under MER symbol.
It has three core businesses Global Private Client, Global Markets & Investment Banking Group and Merrill Lynch Investment Managers offering a range of services for private clients, small businesses, institutions and corporations, and financial intermediaries.
As an investment bank, the company is a leading global underwriter of debt and equity securities and strategic advisor to corporations, governments, institutions and individuals worldwide. The company is one of the world’s largest managers of financial assets, with assets under management of 501 billion dollars at the end of 2004.
They demonstrate its commitments to clients and shareholders through the firm's emphasis on excellence, reliability and ethical behavior. They maintain a strong and engaged board of independent directors to supervise their business practices and make recommendations for improvement.
They seek out to deliver returns to shareholders through appreciation in their common stock price and cash dividends. The price of a Merrill Lynch common share has grown at an 11 percent compound annual rate since their 1971 initial public offering. They have also consistently paid a quarterly dividend since 1971.
Their focus on geographic diversity is also paying off. Non United States net revenues and pre tax earnings grew by more than double the rate of those from the United States with particularly strong performances from Europe and the Pacific Rim.
They are starting to see the conclusion of a distinct plan to develop a portfolio of businesses that is able to compete and win across economic cycles and across a host of dimensions from client service to the metrics of their financial performance. There is still more work to be done, it seems that they are well on the way to achieving their objective.
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