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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 18, 1995
------------------------------
Merrill Lynch & Co., Inc.
- -------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 1-7182 13-2740599
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
World Financial Center, North Tower, New York, New York 10281-1332
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 449-1000
--------------
- -------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report.)
<PAGE>
Item 5. Other Events
- ---------------------
Filed herewith is the Preliminary Unaudited Earnings Summary, as contained
in a press release dated April 18, 1995, for Merrill Lynch & Co., Inc. ("ML &
Co.") for the three-month period ended March 31, 1995. The results of
operations set forth therein for the three-month period ended March 31, 1995 are
unaudited. All adjustments, consisting only of normal recurring accruals, that
are, in the opinion of management, necessary for a fair presentation of the
results of operations for the period presented have been included. The nature
of ML & Co.'s business is such that the results for any interim period are not
necessarily indicative of the results for a full year.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
---------------------------------------------------------------------------
(c) Exhibits.
--------
(99) Additional Exhibits
(i) Preliminary Unaudited Earnings Summary for the three-
month period ended March 31, 1995.
2
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
MERRILL LYNCH & CO., INC.
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(Registrant)
By: /s/ Joseph T. Willett
------------------------
Joseph T. Willett
Senior Vice President,
Chief Financial Officer
Date: April 18, 1995
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<PAGE>
EXHIBIT INDEX
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Exhibit No. Description Page
- ----------- ----------- ----
(99) Additional Exhibits
(i) Preliminary Unaudited Earnings Summary 5
for the three-month period ended
March 31, 1995.
4
<PAGE>
EXHIBIT 99 (i)
MERRILL LYNCH & CO., INC.
PRELIMINARY UNAUDITED EARNINGS SUMMARY
<TABLE>
<CAPTION>
FOR THE THREE MONTHS ENDED PERCENT OF
------------------------------------------------------------- DOLLAR
(IN THOUSANDS, PERCENT PERCENT CHANGE
EXCEPT PER SHARE AMOUNTS) MAR. 31, OF APR. 1, OF INCREASE
1995 REVENUES (A) 1994 REVENUES (A) (DECREASE)
----------- -------- ----------- -------- ----------
<S> <C> <C> <C> <C> <C>
REVENUES:
COMMISSIONS $ 685,295 13 % $ 868,244 18 % (21)%
INTEREST AND DIVIDENDS 3,029,519 58 2,199,536 47 38
PRINCIPAL TRANSACTIONS 674,756 13 666,677 14 1
INVESTMENT BANKING 248,497 5 444,395 9 (44)
ASSET MANAGEMENT AND PORTFOLIO
SERVICE FEES 448,437 9 444,228 9 1
OTHER 117,373 2 115,731 3 1
----------- -------- ----------- -------- ----------
TOTAL REVENUES 5,203,877 100 4,738,811 100 10
INTEREST EXPENSE 2,783,392 53 1,906,983 40 46
----------- -------- ----------- -------- ----------
NET REVENUES 2,420,485 47 2,831,828 60 (15)
----------- -------- ----------- -------- ----------
NON-INTEREST EXPENSES:
COMPENSATION AND BENEFITS 1,269,888 52 1,430,517 51 (11)
OCCUPANCY 109,889 5 113,008 4 (3)
COMMUNICATIONS AND EQUIPMENT RENTAL 111,737 5 103,524 4 8
DEPRECIATION AND AMORTIZATION 85,999 3 74,171 3 16
ADVERTISING AND MARKET DEVELOPMENT 86,311 4 98,605 3 (12)
PROFESSIONAL FEES 98,830 4 94,077 3 5
BROKERAGE, CLEARING, AND EXCHANGE FEES 83,845 3 86,490 3 (3)
OTHER 195,194 8 179,228 6 9
----------- -------- ----------- -------- ----------
TOTAL NON-INTEREST EXPENSES 2,041,693 84 2,179,620 77 (6)
----------- -------- ----------- -------- ----------
EARNINGS BEFORE INCOME TAXES 378,792 16 652,208 23 (42)
INCOME TAX EXPENSE 151,517 7 280,449 10 (46)
----------- -------- ----------- -------- ----------
NET EARNINGS $ 227,275 9 % $ 371,759 13 % (39)%
=========== ======== =========== ======== ==========
PREFERRED STOCK DIVIDENDS $ 11,941 $ 1,336
=========== ===========
NET EARNINGS APPLICABLE TO COMMON
STOCKHOLDERS $ 215,334 $ 370,423
=========== ===========
EARNINGS PER COMMON SHARE:
PRIMARY $ 1.08 $ 1.68
=========== ===========
FULLY DILUTED $ 1.08 $ 1.68
=========== ===========
AVERAGE SHARES:
PRIMARY 199,178 220,633
=========== ===========
FULLY DILUTED 199,178 220,633
=========== ===========
</TABLE>
(A) - REVENUES AND INTEREST EXPENSE ARE PRESENTED AS A PERCENTAGE OF TOTAL
REVENUES. NON-INTEREST EXPENSES AND EARNINGS ARE PRESENTED AS A
PERCENTAGE OF NET REVENUES.
5
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