Annual report pursuant to Section 13 and 15(d)

Quarterly Information (Unaudited)

v2.4.0.6
Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information
Note 19.  
Quarterly Information (Unaudited)
The unaudited quarterly results of operations of Merrill Lynch for the years ended December 31, 2012 and December 31, 2011 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,
2012
 
Sep 30,
2012
 
Jun 30,
2012
 
Mar 31,
2012
 
 
Dec 31,
2011
 
Sep 30,
2011
 
Jun 30,
2011
 
Mar 31,
2011
Total revenues
$
7,255

 
$
6,419

 
$
6,969

 
$
6,672

 
 
$
5,545

 
$
8,075

 
$
9,303

 
$
10,259

Interest expense
1,605

 
1,732

 
1,854

 
1,907

 
 
1,840

 
2,202

 
2,390

 
2,353

Revenues, net of interest expense
5,650

 
4,687

 
5,115

 
4,765

 
 
3,705

 
5,873

 
6,913

 
7,906

Non-interest expenses
5,487

 
5,509

 
4,897

 
6,582

 
 
6,124

 
6,260

 
9,365

 
7,239

Pre-tax earnings (loss)
163

 
(822
)
 
218

 
(1,817
)
 
 
(2,419
)
 
(387
)
 
(2,452
)
 
667

Income tax (benefit) expense
(1,813
)
 
246

 
(770
)
 
(211
)
 
 
(1,606
)
 
(537
)
 
(1,020
)
 
219

Net earnings (loss)
$
1,976

 
$
(1,068
)
 
$
988

 
$
(1,606
)
 
 
$
(813
)
 
$
150

 
$
(1,432
)
 
$
448