BusinessApril 8, 1996
BUSINESS MEMO: A.G. EDWARDS SETS RECORD
A. G. Edwards Inc., has announced record earnings for its fiscal year, ended Feb. 29. Net earnings were reported at $170.6 million, up 37 percent from the $124.1 million for 1994. Earnings per share were $2.65, up from $2 a year ago. Revenues were up 23 percent, from $1.2 billion to $1.5 billion...
A. G. Edwards Inc., has announced record earnings for its fiscal year, ended Feb. 29.
Net earnings were reported at $170.6 million, up 37 percent from the $124.1 million for 1994. Earnings per share were $2.65, up from $2 a year ago. Revenues were up 23 percent, from $1.2 billion to $1.5 billion.
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Net earnings for the fourth fiscal quarter were $48.9 million, equal to 75 cents a share, compared to $32 million and 51 cents a shave during the same quarter a year ago.
Edwards is a financial services holding company whose primary subsidiary is the brokerage firm of A.G. Edwards & Sons Inc., headquartered in St. Louis, which operates 537 brokerage offices, including a branch office at Cape Girardeau.
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