Annual report pursuant to Section 13 and 15(d)

Quarterly Information (Unaudited)

v2.4.0.6
Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Information (Unaudited) [Abstract]  
Quarterly Information
Note 19.  
Quarterly Information (Unaudited)
The unaudited quarterly results of operations of Merrill Lynch for the years ended December 31, 2011 and December 31, 2010 are prepared in conformity with U.S. generally accepted accounting principles, and reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the results of operations for the periods presented. Results of any interim period are not necessarily indicative of results for a full year.
(dollars in millions)
 
For the Quarter Ended
 
Dec 31,
2011
 
Sep 30,
2011
 
Jun 30,
2011
 
Mar 31,
2011
 
 
Dec 31,
2010
 
Sep 30,
2010
 
Jun 30,
2010
 
Mar 31,
2010
Total revenues
$
5,502

 
$
8,072

 
$
9,292

 
$
10,213

 
 
$
8,406

 
$
7,996

 
$
9,214

 
$
11,851

Interest expense
1,840

 
2,202

 
2,390

 
2,353

 
 
2,386

 
2,260

 
2,515

 
2,460

Revenues, net of interest expense
3,662

 
5,870

 
6,902

 
7,860

 
 
6,020

 
5,736

 
6,699

 
9,391

Non-interest expenses
6,124

 
6,260

 
9,365

 
7,239

 
 
5,909

 
6,002

 
5,844

 
6,168

Pre-tax (loss) earnings
(2,462
)
 
(390
)
 
(2,463
)
 
621

 
 
111

 
(266
)
 
855

 
3,223

Income tax (benefit) expense
(1,617
)
 
(523
)
 
(1,021
)
 
215

 
 
(1,139
)
 
114

 
42

 
1,130

Net (loss) earnings
$
(845
)
 
$
133

 
$
(1,442
)
 
$
406

 
 
$
1,250

 
$
(380
)
 
$
813

 
$
2,093