Wealth management revenue, profits jump at U.S. Bank
U.S. Bank's wealth management businesses delivered another formidable quarter, according to the bank's financial results released on Wednesday. The Minneapolis-based bank generated $109 million in first-quarter profit from wealth management and securities services, up a remarkable 39.7% year-over-year. Revenue from the businesses was also up, jumping 16.3% to $577 million…
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