EXHIBIT 99(i) MERRILL LYNCH & CO., INC. PRELIMINARY UNAUDITED EARNINGS SUMMARY -------------------------------------- FOR THE THREE MONTHS ENDED ------------------------------------------------------------ (IN MILLIONS, PERCENT INC/(DEC) -------------------------- EXCEPT PER SHARE AMOUNTS) MAR. 29, DEC. 29, MAR. 31, Q1 96 VS Q1 96 VS 1996 1995 1995 Q4 95 Q1 95 -------- --------- --------- ------------ ----------- REVENUES: COMMISSIONS $ 989 $ 847 $ 685 17 % 44 % INTEREST AND DIVIDENDS 3,010 2,892 3,030 4 (1) PRINCIPAL TRANSACTIONS 982 566 675 73 46 INVESTMENT BANKING 378 370 249 2 52 ASSET MANAGEMENT AND PORTFOLIO SERVICE FEES 538 494 448 9 20 OTHER 122 124 117 (1) 4 -------- --------- --------- ------------ ----------- TOTAL REVENUES 6,019 5,293 5,204 14 16 INTEREST EXPENSE 2,758 2,680 2,783 3 (1) -------- --------- --------- ------------ ----------- NET REVENUES 3,261 2,613 2,421 25 35 -------- --------- --------- ------------ ----------- NON-INTEREST EXPENSES: COMPENSATION AND BENEFITS 1,691 1,299 1,270 30 33 COMMUNICATIONS AND EQUIPMENT RENTAL 131 136 111 (4) 17 OCCUPANCY 116 116 110 - 5 DEPRECIATION AND AMORTIZATION 98 100 86 (2) 14 PROFESSIONAL FEES 130 107 99 22 32 ADVERTISING AND MARKET DEVELOPMENT 114 114 86 1 33 BROKERAGE, CLEARING, AND EXCHANGE FEES 106 94 84 13 27 OTHER 204 165 195 24 4 -------- --------- --------- ------------ ----------- TOTAL NON-INTEREST EXPENSES 2,590 2,131 2,041 22 27 -------- --------- --------- ------------ ----------- EARNINGS BEFORE INCOME TAXES 671 482 380 39 77 INCOME TAX EXPENSE 262 179 152 46 73 -------- --------- --------- ------------ ----------- NET EARNINGS $ 409 $ 303 $ 228 35 % 80 % ======== ========= ========= ============ =========== PREFERRED STOCK DIVIDENDS $ 11 $ 12 $ 13 ======== ========= ========= NET EARNINGS APPLICABLE TO COMMON STOCKHOLDERS $ 398 $ 291 $ 215 ======== ========= ========= EARNINGS PER COMMON SHARE: PRIMARY $ 2.03 $ 1.49 $ 1.08 ======== ========= ========= FULLY DILUTED $ 2.03 $ 1.49 $ 1.08 ======== ========= ========= AVERAGE SHARES: PRIMARY 196.2 195.1 199.2 ======== ========= ========= FULLY DILUTED 196.2 195.1 199.2 ======== ========= =========

NOTE: PERCENTAGES ARE BASED ON ACTUAL NUMBERS BEFORE ROUNDING. 5