Thursday, April 19, 2007

Merrill Lynch first-quarter earnings jump

(Reuters) - The big trading revenue increase comes after several years after Merrill Lynch boosted its commitment to areas like trading and private equity to catch up to rivals like Goldman Sachs Group Inc.

"The investments Merrill Lynch has made to diversify its franchise have clearly paid off," said analyst Joseph Dickerson of Atlantic Equities in London.


Read more at Reuters.com Market News

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