Trust Updates Archive

Trust Fiduciary Assets Revenue 2010 Performance Report A.M. Publishing State Street Assets Flat in the First Half of 2010, Revenues Grow

(September 16, 2010 --Chicago, IL) -- Revenue growth is the focus of 2010 for both trust operations and commercial banks, according to TRUST PERFORMANCE REPORT, a sister publication of TRN.

Fiduciary assets, which recovered in 2009 with stock market growth, appear to have reached a plateau in the first half of 2010. Weighted, total fiduciary assets on average declined marginally in 2010, less than 1 percent.

Revenues, which lag asset trends, are seeing strong growth. For the TPR 350, nearly 3 in 4 reported positive growth, while only 1 in 3 reported positive asset growth.

Among the Trillion Dollar Club, five of the eight institutions that make up this group reported positive revenue growth, while only two reported asset growth.

The Boston giant, State Street, reported the strongest asset growth, nearly 30 percent in the first six months of 2010—driven almost exclusively by custody assets.

TRUST PERFORMANCE REPORT’s annual data book (published in May) provides both industry and peer group performance data by assets, gross revenue, net income, and account category; subscribers receive quarterly updates. TPR findings are based on its annual survey of the top 1500 fiduciary institutions. Quarterly updates are provided to TPR subscribers.

For more performance and benchmark data see TRUST PERFORMANCE REPORT 2010. To order Click Here.

No statement in this issue is offered as or should be construed as legal opinion or advice or as an indicator of future performance.

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