Loeb, Rhoades & Co. was a Wall Street brokerage firm founded in 1931 and acquired in 1979 by Sanford I. Weill's Shearson Hayden Stone.

Carl Loeb, who had built his personal wealth as president of American Metal Company resigned from the company and bought a seat on the New York Stock Exchange, at the urging of his son John in 1931.

[2] Three years after Loeb left American Metals, the company's stock was nearly worthless.

[3] Together with his son, Carl ran Loeb, Rhoades for its first 24 years, from 1931 until his death in 1955.

The two firms incurred significant costs attempting to merge their back office operations, both of which had issues prior to the merger.

By the end of 1978, less than a year after the merger, the combined firm was losing millions of dollars.

Through the 1960s and 1970s, Sanford I. Weill was acquiring brokerage firms and by 1979 was running Shearson Hayden Stone, the culmination of nearly a dozen acquisitions.

At the time, Shearson Loeb Rhoades was among the largest investment banking houses with $250 million of equity capital.

The following is an illustration of the company's major mergers and acquisitions and historical predecessors (this is not a comprehensive list):[6] American Express(est.