Submitted by tom on
Banks are a powerful source of annuity sales.
The most recent quarterly results for bank annuity sales was $582.6 million. This amount represents income from fees and commissions on product sales, and it is a decrease of 20.7 percent from the previous year's quarterly figure of $734.5 million.
Wells Fargo was the leading bank with $169 million in commissions and fees for the quarter.
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