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Investment banking revenue hits record at regional banks

Published 07/24/2017, 11:02 AM
Updated 07/24/2017, 11:02 AM
© Reuters.  Investment banking revenue hits record at regional banks
  • Though still dwarfed by the Wall Street giants, investment banking fees at regional lenders (for those that break them out) climbed a combined $339M in H1, with KeyCorp (NYSE:KEY), Citizens Financial (NYSE:CFG), and SunTrust (NYSE:STI) among those seeing nice increases.
  • KeyCorp CEO Beth Mooney tells Bloomberg that while trading and market-making are a big piece of the Wall Street model, core relationship banking and advisory for middle-market companies are key for her bank.
  • Capital-markets fees rose 34% to $51M at Citizens Financial in Q2, with CEO Bruce Van Saun crediting a strong loan syndication business. In May, Citizens acquired Western Reserve Partners, a Cleveland-based M&A advisory operation.
  • ETFs: KRE, KBE, IAT, KBWB, QABA, KBWR, DPST, KRU, WDRW, KRS, FTXO
  • Now read: KeyCorp: Beat And Raise Pushing Stock Down?


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