| |
| |
Fiscal | |
Fiscal |
| (Dollars in Millions, | |
Year | |
Year |
| Except Per Share Data) | |
1997 | |
1996 |
|
| NET REVENUES |
| Securities | |
$ 9,390 | |
$ 7,898 |
| Asset Management | |
2,476 | |
1,336 |
Credit and Transaction Services
| |
2,967
| |
2,789
|
| Total | |
$ 14,833 | |
$ 12,023 |
|
| NET INCOME* |
| Securities | |
$ 1,650 | |
$ 1,269 |
| Asset Management | |
531 | |
277 |
Credit and Transaction Services
| |
468
| |
434
|
| Total | |
$ 2,649 | |
$ 1,980 |
|
| Earnings per common share: |
| Primary | |
$ 4.25 | |
$ 3.22 |
| Fully diluted | |
$ 4.15 | |
$ 3.14 |
|
| Total assets | |
$302,287 | |
$238,860 |
| Shareholders' equity | |
$ 13,956 | |
$ 11,702 |
|
Return on average common
shareholders' equity | |
22% | |
20% |
See accompanying financial statements and footnotes beginning on page 66.
*Excludes merger-related expenses aggregating $63 million net of tax in fiscal year 1997. | |
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 |
|