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Industry Spotlight > Broker Dealers

Bank Brokers Report Flat Revenue

By Staff Writer

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NU Online News Service, May 7, 2004, 4:44 p.m. EDT – Bank-based brokers are reporting flat revenue figures.[@@]

The productivity of licensed bankers fell slightly in March from the production total for March 2003, to $2,109, according to the Bank Insurance & Securities Association, Wayne, Pa.

The productivity of bank-based brokers held steady at about $25,000.

The BISA productivity report is compiled by Kenneth Kehrer Associates, Princeton, N.J., and sponsored by AXA Distributors L.L.C., New York.