The Bank Insurance and Securities Association compiles and index of securities brokerage and annuity-related revenue of 20 U.S. banks.
The BISA-Singer Bank Brokerage Index shows that 61% of the second quarter 2009 revenue of participating banks came from annuity sales.
Annuity-related revenue was $95.3 million for the second quarter, a decline of 15% from the previous period.
Source: Financial Planning
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