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Merrill Internal Reports Detail Revenue Production By Broker Levels -Reuters

DOW JONES NEWSWIRES Almost 46% of revenue generated by Merrill Lynch's Global Wealth Management unit last year came from 21%, or about 2,500, of its top-producing brokers, Reuters reported Wednesday, citing the brokerage's internal performance reports. Last year, the top 2,400 brokers generated an average of $2.5 million in revenue, while those in the next 20% generated an average of $1.2 million, Reuters reported. Merrill declined to comment, according to Reuters. Full story at http://www.reuters.com/article/2012/05/09/us-merrill-brokers-elite-idUSBRE84817N20120509 -Dow Jones Newswires; 212-416-2900

Stock News for Bank of America (BAC)
DateTimeHeadline
11/23/201415:15:36Faith-Based Shareholders Prepare Day of Reckoning for Bank of...
11/21/201417:06:39Two Top-Producing Advisers Leave Merrill Lynch--Street Moves
11/20/201417:55:14Merrill Loses Veteran Wealth Manager to UBS -- Street Moves
11/20/201413:22:06Average Wall St. Pay to Rise 4% This Year -- Update
11/19/201420:40:24Bank Payouts for Government-Job Takers Under Fire
11/19/201418:40:21Regulators' Clarification Still Sows Banks' Unease
11/18/201419:55:17Goldman Hits Mother Lode on Deals
11/17/201419:19:26High Court to Review Second-Mortgage Liens -- 2nd Update
11/12/201417:09:37OCC Fines Citigroup, J.P. Morgan, Bank of America Over Foreign...
11/10/201401:06:00Hong Kong Murder Case Adjourned for Two Weeks -- Update
11/10/201400:10:29Hong Kong Murder Case Against British Banker Adjourned
11/09/201423:59:17Hong Kong Murder Case Against U.K. Banker Adjourned for Two Weeks
11/07/201416:37:33RBC Wealth Nabs Merrill Team -- Street Moves
11/05/201423:40:12ANZ Names Xiaoguang CEO for China Business
10/28/201418:39:29Jefferies Expected to Book up to $15 Million Loss on Toms Shoes...
10/28/201406:40:03Big Banks: Fourth-Quarter Outlook -- Barron's
10/26/201416:46:21Banks Demand That Law Firms Harden Cyberattack Defenses
10/20/201418:07:05Stifel Financial to Hire Two Former Merrill Lynch Advisers
10/20/201416:09:27Morgan Stanley Hires from Merrill, J.P. Morgan, UBS -- Street...
10/16/201422:00:25U.S. to Boost Security for Federal Benefit Cards

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