Close Close
ThinkAdvisor

Industry Spotlight > Broker Dealers

Bank Broker-Dealer Productivity Strong In August

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Oct. 9, 9 a.m. – While the productivity of bank broker-dealers is uncertain for the remainder of the year due to the September calamities, in August all of their productivity measures advanced strongly, the Bank Securities Association, Wayne, Penn., reports.

Broker productivity in banks increased to $27,901, from $23,638 in July, while licensed banker productivity advanced to $3,462, from $2,441.

BSA’s index of bank broker-dealer revenue rose to from 120 in July to 144, based on a benchmark of 100 set in 1998. Meanwhile, sales of long-term mutual funds increased by 5.5%.

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.