U.S. Bank's wealth management businesses delivered an exceptional fourth-quarter performance, according to the bank's holding company's financial results released Wednesday.

The Minneapolis-based bank generated $457 million in fourth-quarter revenue from wealth management and securities services, up 9.6% year-over-year and up 2% from the previous quarter. For the full year, wealth management and securities services generated $1.8 billion, up 9.7% from $1.6 billion in 2013. 

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