An indicator of small bank securities brokerage revenues surged in April, bringing revenues close to the year-ago level, a monthly study shows.[@@]
The index of community bank brokerage revenue reached 143 in April, close to the record 144 recorded a year earlier, the study by Kenneth Kehrer Associates, Princeton, N.J., showed.
The index is based on a benchmark of 100 set for all of 2002. In other words, April’s brokerage revenues in community banks and credit unions were 42% above average 2002 levels.