Merrill Lynch Earnings Rise

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Merrill Lynch & Co. Inc. on Thursday said quarterly earnings rose 25 percent as surging revenue from retail customers and the firm’s own investments helped the biggest U.S. brokerage beat analysts’ expectations.


Merrill Lynch’s dependence on retail brokerage weighed on its stock for much of last year, but individual investors are becoming increasingly active traders. Global private client revenue rose 11 percent in the fourth quarter to $2.9 billion.


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