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US investors have turned to US Treasury investments and have left the equities and bond market due to the Asian financial crisis, which has subsequently spread to Russia. This and the probable slowing of the US economy in 1999 have had an effect on the securities brokerage industry. These stocks are less timely in Nov 1998 than they were in Nov 1997, but they are expected to outperform the market in 1999.

The securities brokerage industry continues to experience growth opportunities during 1998. Expansion throughout the US economy, low interest rates and negligible inflation have contributed to the favorability of underwriting and trading functions. Profits for the securities brokerage industry are extremely high.

The Securities Brokerage Industry has experienced strong growth as the bull market continues during 1998. Brokerage firms have undergone much consolidation, which has further benefitted brokerage company stocks. These trends are not expected to change, although brokerage stocks are not recommended for long-term growth. The industry is considered to be volatile.

The securities brokerage industry had higher earnings in 1996 and 1997 than it did in the years 1988 through 1994, and these stocks have outperformed the market. Profits are expected to remain high in the near future, although not at the level from 1994 to 1997. The industry is timely for 1998, but the potential for appreciation over the next three to five years is not high, and investors may want to consider future developments before commitment.

Securities brokerages have been able to capitalize on the bull market in equities during the 1990s that has been provided by the rise in stocks and the US economic environment. Industry profits are expected to increase, but it is questionable if they can be sustained over time. Securities industry stocks are timely in 1997, and many are recommended for investment in 1997 and 1998 although the industry can be volatile.

The securities brokerage industry has been doing extremely well since 1994, due to a stable interest rate environment. Trading volumes have remained impressively high, as investors continue to purchase stocks. Securities firms' price/earnings multiple is expected to expand until 2000, but current share/price levels are currently high. This industry stock should be attractive to investors, but some will want to wait for prices to decrease a little.

Securities brokerage industry stocks are volatile investments that are only recommended for risk tolerant investors. Unusually high levels in Jan 1997 were countered by exceptionally low levels in Feb 1997. While profits in the securities brokerage industry are likely to remain solid through 1998, share-earnings comparisons are difficult to forecast. Profits in this industry are expected to remain solid by historical standards.

The greatest revenues and profits for the securities brokerage industry took place during the first six months of 1996. However, the stock price and the stock performance have not done as well as they did in late 1995. As a result, there is concern that profits and revenues will begin to decrease and caution should be exhibited by investors.

Security industry earnings are expected to remain high in 1996, following an upward trend in January, 1996 and a banner year in 1995 that was surpassed only by a record year in 1993. However, while stock prices of security brokerage firms have jumped in recent weeks, they recorded a 20% drop in late 1995 and are notorious for unusually large ups and downs. Many securities industry firms have taken measures to equalise revenues and stabilize profitability which should enhance but not quaranty higher returns to investors.

Although Lehman Brothers last week succeeded in quelling some extraordinary rumors about its impending demise, the firm is having a more difficult time convincing investors that the market's perception of [...]

A market rumor sent shares of Lehman Brothers Holdings Inc. tumbling Friday, exposing the weakening ability of financial services companies to ward off ill-timed news. The rumor alleged that Lehman's [...]

Lehman Brothers Holdings Inc had net income of $77 million for 3d qtr 1996, an increase of 8% compared with net income for 3d qtr 1995. Net income per share increased by 15% for 3d qtr 1996 compared with 3d qtr 1995. Net revenues for 3d qtr 1996 reached $722 million, a decrease from $750 million for 3d qtr 1995. Net revenues also decreased when compared to 2d qtr 1996 which reached $833 million., Lehman Brothers Holdings Inc. have reported net income of $77 million, or $0.60 per common share, for the third quarter ending August 31, 1996. Net income for the period showed [...]