Securities services revenues at the 12 largest banks in the sector have remained flat during the first half of 2021, despite equity markets reaching a historic high. The Coalition Index for Securities Services found that revenues remained largely stable year-on-year across banks providing securities services (including custody services, fund services and other services, such as broker-dealer clearing and settlement).
Revenue over the first six months of 2021 hit $18.1bn, compared to $18bn in 2020 and $17.9bn in 2019. The last time there was a significant increase was in the first half of 2018, when industry revenues hit $18.8bn, up from $16.7bn in the same period the year before.
