U.S. Bank's wealth management businesses turned in an extraordinarily strong second-quarter performance, according to the latest financial results released by the bank on Friday.

The Minneapolis-based bank generated $523 million in second-quarter revenue from wealth management and securities services, up a notable 14.7% from the same period a year ago and up 5.4% from the prior quarter. For the first six months of 2016, the business line reeled in $1 billion, up 14% year-over-year.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access