NASDAQ OMX Q4 profit declines
NASDAQ OMX Group has reported a net income of $82m or $0.45 diluted earnings per share, for the fourth quarter of 2011, compared to $137m, or $0.69 diluted earnings per share, for the same period in 2010.
The fourth quarter of 2011 results included $44m of pre-tax expenses associated with debt refinancing, the impairment of an available-for-sale investment security and merger and strategic initiatives.
Net exchange revenues increased 6% to $422m for the fourth quarter of 2011, compared to $400m for the same period in the last year.
Transaction Services generated net exchange revenues of $188m, an increase of 3%, compared to the same period a year ago.
Operating income was $161m, compared to $175m for the same period in the previous year.
NASDAQ OMX CEO and president Bob Greifeld said that in 2011, their strategic decision-making continued to pay off as they achieved double digit growth in revenues and earnings.
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Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Buy online from $125
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