- Analyst Examines Trends in Retail Banking Industry in New Report -
NEW YORK, Dec. 12 /PRNewswire-FirstCall/ -- Although retail banking now
contributes 44 percent of estimated earnings at large banks in 2003, up from
26 percent in 2000, U.S. Bancorp Piper Jaffray Senior Financial Institutions
Analyst Andrew Collins believes contributions may have peaked given an
anticipated recovery in other sectors such as capital markets, investment
management and processing in 2004 and beyond. Going forward, he anticipates
the heavy investment in retail distribution at U.S. commercial banks to
continue until merger activity re-accelerates.
In a new report entitled, Large Commercial Banks: Riding the Retail
Banking Wave, Collins examines these trends among others facing the retail
banking industry including: expanding de novo branch efforts (and
refurbishments); increasing fees on deposits; reducing retail funding costs;
incenting customer service representatives on service goals; and cross-selling
of products such as home equity, online banking and credit/debit card through
the branch network.
Those interested in receiving a copy of Large Commercial Banks: Riding the
Retail Wave, clients and members of the media should contact Dana Wade at
email@example.com or 415-277-1556.
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Bancorp (NYSE: USB), is a focused securities firm comprised of two revenue-
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both segments are supported by Investment Research. The firm provides a full
range of investment products and services to individuals, institutions and
businesses. The firm has over 126 offices in 25 states across the country.
U.S. Bancorp offers a comprehensive range of financial solutions through U.S.
Bank, U.S. Bancorp Asset Management, U.S. Bancorp Investments and U.S. Bancorp
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SOURCE U.S. Bancorp Piper Jaffray