EXHIBIT 99 (i) Merrill Lynch & Co., Inc. Preliminary Unaudited Earnings Summary For Three Months Ended Percent Inc / (Dec) December 27, September 27, December 29, 4Q96 vs. 4Q96 vs. [In millions, except per share amounts] 1996 1996 1995 3Q96 4Q95 ------------ ------------- ------------ -------- -------- Revenues: Commissions $ 967 $ 860 $ 847 12.4% 14.2% Interest and Dividends 3,492 3,357 2,892 4.0 20.7 Principal Transactions 744 818 566 (9.1) 31.4 Investment Banking 517 471 370 9.7 39.7 Asset Management and Portfolio Service Fees 601 570 494 5.3 21.6 Other 280 125 124 124.6 126.3 ------ ------ ------ Total Revenues 6,601 6,201 5,293 6.4 24.7 Interest Expense 3,219 3,108 2,680 3.6 20.1 ------ ------ ------ Net Revenues 3,382 3,093 2,613 9.3 29.4 ------ ------ ------ Non-Interest Expenses: Compensation and Benefits 1,660 1,612 1,299 3.0 27.8 Communications and Equipment Rental 151 141 136 6.9 10.4 Occupancy 163 116 116 40.1 40.7 Depreciation and Amortization 111 104 100 7.3 11.5 Professional Fees 160 152 107 5.3 49.5 Advertising and Market Development 150 125 114 20.3 32.0 Brokerage, Clearing, and Exchange Fees 103 103 94 (0.6) 9.0 Other 209 218 165 (4.3) 26.9 ------ ------ ------ Total Non-Interest Expenses 2,707 2,571 2,131 5.3 27.0 ------ ------ ------ Earnings Before Income Taxes 675 522 482 29.3 40.0 Income Tax Expense 230 191 179 20.4 28.7 ------ ------ ------ Net Earnings $ 445 $ 331 $ 303 34.5 46.7 ====== ====== ====== Preferred Stock Dividends $ 12 $ 12 $ 12 -- -- ------ ------ ------ Net Earnings Applicable to Common Stockholders $ 433 $ 319 $ 291 35.7 48.8 ====== ====== ====== Earnings per Common Share: Primary $ 2.29 $ 1.69 $ 1.49 35.5 53.7 Fully Diluted $ 2.27 $ 1.68 $ 1.49 35.1 52.3 Average Shares: Primary 189.4 189.2 195.1 0.1 (2.9) Fully Diluted 190.7 190.6 195.1 -- (2.3)

Note: Percentages are based on actual numbers before rounding. 5 EXHIBIT 99 (i) Merrill Lynch & Co., Inc. Preliminary Unaudited Earnings Summary For the Year Ended December 27, December 29, Percent [In millions, except per share amounts] 1996 1995 Inc/(Dec) ------------ ------------ --------- Revenues: Commissions $ 3,786 $ 3,126 21.1% Interest and Dividends 12,899 12,221 5.5 Principal Transactions 3,454 2,519 37.1 Investment Banking 1,945 1,308 48.8 Asset Management and Portfolio Service Fees 2,261 1,890 19.6 Other 666 449 48.4 ------- ------- Total Revenues 25,011 21,513 16.3 Interest Expense 11,895 11,248 5.7 ------- ------- Net Revenues 13,116 10,265 27.8 ------- ------- Non-Interest Expenses: Compensation and Benefits 6,704 5,270 27.2 Communications and Equipment Rental 559 487 14.8 Occupancy 508 449 13.3 Depreciation and Amortization 411 367 11.9 Professional Fees 582 425 37.0 Advertising and Market Development 514 398 29.1 Brokerage, Clearing, and Exchange Fees 413 361 14.6 Other 859 697 23.2 ------- ------- Total Non-Interest Expenses 10,550 8,454 24.8 ------- ------- Earnings Before Income Taxes 2,566 1,811 41.7 Income Tax Expense 947 697 36.0 ------- ------- Net Earnings $ 1,619 $ 1,114 45.3 ======= ======= Preferred Stock Dividends $ 47 $ 48 -- ------- ------- Net Earnings Applicable to Common Stockholders $ 1,572 $ 1,066 47.5 ======= ======= Earnings per Common Share: Primary $ 8.20 $ 5.44 50.7 Fully Diluted $ 8.06 $ 5.42 48.7 Average Shares: Primary 191.8 196.0 (2.1) Fully Diluted 195.2 196.7 (0.8) Note: Percentages are based on actual numbers before rounding. 6