Top 5 travel destinations on 5 billion, or $2.63 per diluted sharethe third-best operating performance in the company’s history, despite a decline in net revenues due to a tougher operating environment. Simultaneously, the firm exceeded its profitability target with a pre-tax profit margin increasing to 20.2 percent. At the end of its 2002 fiscal year, with a bolstered balance sheet, its capital base was stronger and larger, and with liquidity position better than in many years. Succinctly, three customized businesses have emerged in the company’s restructuring: Global Markets and Investment Banking (GMI); Global Private Client (GPC); and Merrill Lynch Investment Managers (MLIM). GMI serves corporations, financial institutions and governments with comprehensive investment-banking and strategic-advisory servicesincluding debt and equity trading, underwriting and origination, and mergers and acquisitions. Top 5 travel destinations 2016.
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