This brief looks at the key market developments in US retail banking during Q1 2010, and provides a summary of selected Q4 2009 financial results, highlights of other notable industry developments and provides insight into Ovum's newest reports.
Scope
- Ovum's Financial Services Technology team provides analysis from ongoing research into the market dynamics of the US retail banking industry
- This report examines developments announced in US during Q1 2010
Highlights of this title
The US economy is improving, with the corporate sector taking the lead on the performance side. This is driving recovery in the financial markets, and consequently the banking sector is seeing many signs of improvement related to the trading environment.
The profitability for 2009 has improved significantly over 2008. However, it is still way below the 2007 level. The growth in earnings is driven mainly by noninterest income, although net interest income is improving as well.
Technology vendors focusing on retail banking vertical should expect signs of overall improvement in terms of technology spending intentions and activities. IT budgets are still expected to be devoted to most pressing needs.
Key reasons to purchase this title
- Gain a comprehensive picture of recent developments in the US retail banking market.
