Free Historical Stock Data on Bear Stearns Cos
Stock Symbol: BSC
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Business Description
The Bear Stearns Companies Inc. is a holding company, which, through its subsidiaries, principally Bear, Stearns & Co. Inc., Bear, Stearns Securities Corp. (BSSC), Bear, Stearns International Limited and Bear Stearns Bank plc, is an investment banking, securities and derivatives trading, clearance and brokerage firm. The Company serves corporations, governments, institutional and individual investors worldwide. BSSC provides professional and correspondent clearing services, in addition to clearing and settling customer transactions and certain proprietary transactions of the Company. The Company is primarily engaged in business as a securities broker and dealer operating in three principal segments: Capital Markets, Global Clearing Services and Wealth Management.
Financial Information
The Bear Stearns Companies is engaged in investment banking, securities trading and brokerage firm serving corporations, governments, institutional and individual investors worldwide. For the nine months ended 8/31/02, revenues fell 22% to $5.37 billion. Net income applicable to Common and before acct. change rose 50% to $660.4 million. Results reflect lower average customer margin debt balances, offset by lower interest expenses.
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