Below is a summary of the private banking and wealth management results of firms around the world. Not all results are strictly comparable; some of the data may be subsequently revised or restated.

Below is a summary of the private banking and wealth management results of firms around the world. Not all the results are strictly comparable since some of the institutions are stand-alone institutions; others are part of larger organizations. Some of this information may be subsequently adjusted or revised.

Bank of America
Net income at Bank of America plummeted to $168 million for the third quarter of 2014 from $2.5 billion a year ago, due primarily to a significant mortgage settlement with the US government. The decline was not, however, as bad as some Wall Street analysts had expected. After deducting dividends on preferred shares, the company reported a loss of $0.01 per share. The results include the previously-announced pre-tax charge of $5.3 billion for the settlement with the Department of Justice, certain federal agencies and six states (DoJ Settlement), which impacted earnings per share by $0.43. Earnings in the year-ago period were $2.5 billion or $0.20 per diluted share.

In August, BoA agreed to pay a record fine of $16.65 billion over its failure to disclose the risk to customers of its mortgage-backed securities in the run up to the financial crisis in 2008.

JP Morgan
It reported $5.6 billion in net income for the third quarter of 2014, compared with a net loss of $0.4 billion a year ago, while revenue was up 5 per cent year-on-year at $25.2 billion. Private banking client assets surpassed $1 trillion ($1.052 trillion) - up 13 per cent year-over-year, the firm said. Average loans in private banking were $101.4 billion - a record - up 16 per cent from the prior year and 3 per cent from the prior quarter. Average deposits were $151.2 billion, also a record, the firm said, up 9 per cent from a year ago and 2 per cent from the prior quarter. Revenue from global wealth management – reported as part of the asset management unit breakdown – was $1.4 billion, up 5 per cent. Revenue from global investment management was $1.6 billion, up 13 per cent, compared to a year ago.

Citigroup
Private banking revenues rose 8 per cent year-on-year at Citigroup to $663 million for the third quarter of 2014, having also inched up 1 per cent from $656 million in this year's second quarter. Across the group, Citi reported Q3 2014 net income of $3.4 billion, or $1.07 per diluted share, on revenues of $19.6 billion. This compared to net income of $3.2 billion, or $1.00 per diluted share, on revenues of $17.9 billion for the third quarter 2013.

BNY Mellon
Revenue from wealth management at BNY Mellon – reported as part of investment management – rose 9 per cent year-on-year to $158 million at end-September 2014 from $145 million a year ago. Investment management provides investment management services to institutional and retail investors, as well as investment management, wealth and estate planning and private banking solutions to high net worth individuals and families, and foundations and endowments.

In this division, income before taxes rose 6 per cent year-over-year but dropped 11 per cent sequentially. Total revenue was $1.0 billion, up 6 per cent year-on-year but down 3 per cent sequentially. Both comparisons were impacted by higher equity markets and lower seed capital gains, BNY Mellon said. The year-over-year increase also reflects the impact of a weaker US dollar and higher performance fees. The sequential decrease also reflects lower performance fees and the impact of a stronger US dollar.

Royal Bank of Canada
It reported fourth quarter wealth management net income of C$285 million ($251 million), up $83 million or 41 per cent compared to last year – mainly due to higher earnings from growth in average fee-based client assets at its global asset management and Canadian wealth management businesses.

Compared to this year's previous quarter, net income was flat as the positive impact of higher earnings from growth in average fee-based client assets was offset by restructuring costs of C$27 million (C$18 million after-tax) related to RBC's US and international wealth management businesses. Last month it emerged that RBC is shutting down its international client wealth management business in the Caribbean, along with some international advisory businesses in Canada and the US. Revenue from wealth management was C$1.64 billion at end-October 2014, up slightly from C$1.56 billion in the previous quarter and C$1.42 billion a year ago.

Bank of Montreal
Net income from wealth management was C$226 million for the fourth quarter of 2014, down from C$311 million in the same period a year ago but up from C$190 million in the prior quarter. The prior year included a C$121 million after-tax security gain. On a basis that excludes the security gain, adjusted net income increased $56 million or 28 per cent. Total wealth management revenue was C$1.1 billion, up slightly on the previous year and up from $988 million in this year's third quarter.

Wells Fargo
Third-quarter net income at the wealth, brokerage and retirement arm of the bank,  which includes the Abbot Downing service for ultra-wealthy clients, rose to $550 million from $450 million in the same period a year ago and up from $544 million in the previous quarter. The division logged total revenue of $3.553 billion in Q3, up from $3.307 billion a year earlier. The wealth business had client assets of $219 billion at the end of the third quarter, up 7 per cent from the prior year.

Morgan Stanley
Income from continuing operations soared in the third quarter, hitting $1.7 billion ($0.84 per diluted share), up significantly from $889 million ($0.44 per diluted share) a year ago.  It reported net revenues of $8.9 billion for the third quarter ended September 30, 2014, compared with $8.0 billion a year ago. The current quarter included a net discrete tax benefit of $237 million, or $0.12 per diluted share, the firm said. Morgan Stanley Wealth Management also logged a strong set of results, with pre-tax income from continuing operations of $836 million compared to $668 million a year ago.

Goldman Sachs
The firm reported net revenues of $8.39 billion for the third quarter ended September 30, 2014, down 8 per cent from $9.13 billion in the previous quarter but up from $6.73 billion a year ago. Net earnings were $2.24 billion for the third quarter ended September 30, 2014, up 10 per cent from the last quarter and up 48 per cent year-on-year from $1.52 billion. Diluted earnings per common share were $4.57 compared with $2.88 for the third quarter of 2013 and $4.10 for the second quarter of 2014. Net revenues in investment management were $1.46 billion for the third quarter of 2014, 20 per cent higher than the third quarter of 2013 and essentially unchanged compared with the second quarter of 2014.

BlackRock
The largest money manager in the world recorded an increase in assets under management, inflows and income for the third quarter. Assets under management were up 10 per cent from the third quarter of 2013, while inflows increased 4 per cent to $28.7 billion. Net income rose to $917 million, or $5.37 per share, from $730 million a year earlier. BlackRock’s iShares division, offering exchange-traded funds, was again the growth driver, with $18.2 billion in money coming in.

Toronto Dominion
TD Bank Group reported C$1.9 billion of adjusted earnings for the three months to 31 October, a 3 per cent year-on-year gain, with strong performance across all segments.  

UBS
Its wealth management operations around the world, including in the Americas, logged strong results in the third quarter of 2014, while the overall Zurich-listed parent banking group made an underlying pre-tax profit of SFr1.7 billion ($1.79 billion). The wealth management arm (excluding Americas) reported an adjusted pre-tax profit of SFr767 million, up by SFr374 million from the prior quarter of 2014, UBS said in a statement today. Operating pre-tax profit was SFr707 million, up 99 per cent from the previous three months.

Net new money remained strong at SFr9.8 billion, although down slightly from SFr10.7 billion, with positive contributions from all regions and Asia-Pacific in particular. The business's annualized net new money growth rate remained within the target range and its adjusted cost/income ratio improved significantly, placing it within the current target range. At wealth management Americas, the business reported an adjusted profit before tax of $267 million, an increase of $21 million on record revenues and record financial advisor productivity.

Credit Suisse
The private banking and wealth management arm logged net new assets of SFr8.8 billion ($9.22 billion) in the third quarter of 2014, with strong growth from emerging markets, especially in the Asia-Pacific region. In the third quarter, the unit logged pre-tax income of SFr943 million and net revenue of SFr3.125 billion; in its strategic businesses, private banking and wealth management logged pre-tax income of SFr872 million and net revenue of SFr2.939 billion. Compared to the same quarter of last year, pre-tax income increased 8 per cent, mainly driven by lower operating expenses reflecting continued cost efficiency gains. Net revenues were stable compared to a year ago as higher transaction - and performance-based revenues and improved other revenues were offset by lower net interest income.

In its non-strategic businesses, private banking and wealth management reported income before taxes of SFr71 million, which included a SFr109 million gain on the sale of the domestic private banking business booked in Germany. (That business has been sold, as completed recently, to Bethmann, the German private bank that is part of ABN AMRO.)

Julius Baer
The bank said assets under management for the first ten months of 2014 were up 12 per cent from the end of 2013 to SFr285 billion ($292.4 billion). This AuM growth included SFr58 billion from Merrill Lynch’s international wealth management business outside the US, which Julius Baer is in the final phase of transferring. Total client assets increased by 11 per cent to SFr385 billion. This growth was driven by net new money, a positive currency impact, a positive market performance, and SFR6 billion from Brazilian subsidiary GPS.

Deutsche Bank
The wealth and asset management arm logged net revenues of €1.3 billion in the third quarter, steady from a year ago. Management fees and other recurring revenues increased by €25 million, or 4 per cent, due to increased average assets under management for the quarter reflecting positive flows, increased market levels and foreign currency effects.

Performance and transaction fees and other non-recurring revenues were up €21 million, or 9 per cent, driven by higher transactional volumes from structured products and foreign exchange products for private clients. Invested assets were €1.006 trillion as of 30 September, 2014, an increase of €51 billion versus 30 June, 2014.

Commerzbank
The Private Customers segment of the German bank generated an operating result of €121 million. This figure was at the level seen in the two previous quarters and considerably higher in a year-on-year comparison (third quarter of 2013: €41 million).

ABN AMRO
The private banking arm delivered a reported profit of €50 million ($62.2 million) in the third quarter of 2014, surging 45 per cent year-on-year, driven by improved operating results and fewer loan impairments. The quarterly figure means that for the first nine months of the year, the total profit on the same basis was €145 million, an 89 per cent rise on the same period in 2013. Assets under management grew by €11.1 billion in the third quarter of 2014 to €187.5 billion, of which €8.2 billion was related to the acquisition of the private banking activities from Credit Suisse in Germany.

Societe Generale
The private banking arm of Societe Generale said it logged net income of €219 million ($274 million) in the third quarter of 2014, a drop of 2.9 per cent on a year before; revenues rose 5 per cent year-on-year. Assets under management stood at €118 billion at the end of September, rising €2.1 billion from the end of the second quarter of the year.

BNP Paribas
The investment solutions segment, which contains its wealth management and private banking business, logged 2.5 per cent rise in assets under management to €905 billion at 30 September from 30 June this year. The rise was due in particular to a +€9.5 billion foreign exchange effect because of the lower euro rate, and a +€8.2 billion performance effect, on the back of the favourable evolution in equity markets and interest rates. Net asset inflows this quarter totalled +€3.4 billion ($4.27 billion) due in particular to good asset inflows in wealth Management and insurance in Italy and in Asia. As at 30 September 2014, investment solutions’ assets under management broke down as follows: asset management: €388 billion; wealth management: €299 billion;  insurance: €198 billion and real estate services: €20 billion.

Credit Agricole
The group reported net income of €1.463 billion ($1.51 billion) in the third quarter of 2014, a year-on-year increase of 2.1 per cent. For Jean-Paul Chifflet, Chief Executive Officer of Crédit Agricole S.A., this solid performance is in line with previous quarters. Revenues rose by 1.3 per cent year-on-year in Q3. Customer assets grew by 2.7 per cent year-on-year to reach €596 billion at end-September 2014, including €350 billion in on-balance sheet deposits, which increased by 3.0 per cent year-on-year. In asset management, Amundi's assets under management were €844 billion at end-September, up 8.6 per cent since end-December 2013. (Amundi is the asset management joint venture operated by the bank and Societe Generale.)

Barclays
Its personal and corporate banking arm – which contains its wealth and investment segment – logged a pre-tax profit of £2.257 billion (around £3.6 billion) in the nine months to 30 September, an 18 per cent rise from a year ago. Since the middle of 2014, Barclays, following a restructure of its business lines, no longer provides specific figures, such as profits, revenues, inflows or assets under management, on its wealth and investment business, although it does remain a distinct element in the group.

Royal Bank of Scotland
Operating profit in the third quarter of this year stood at £64 million ($102.3 million), down from £70 million three months ago, as restructuring costs affected results. Client assets and liabilities grew by £700 million in the third quarter with increases across all categories. This includes growth of £200 million in assets under management to £28.9 billion across the UK and international businesses. Total income decreased by 1 per cent to £270 million while operating expenses excluding restructuring costs increased by 3 per cent to £203 million primarily due to remediation expenses.

HSBC
Global private banking attracted net new money of $10 billion in areas targeted for growth since the start of the year. Client assets stood at $380 billion at end-September, down from $390 billion a year earlier; in Europe, assets were $210 billion, rising by $5 billion from a year before; Asian assets rose to $112 billion from $106 billion; North America assets fell $20 billion to $45 billion, and Latin America assets fell $1 billion to $13 billion,

Standard Chartered
The private banking leg reported that its income was $155 million in the third quarter of this year, a gain of 9 per cent year-on-year.

Lloyds Banking Group
The bank reported a third-quarter underlying profit of £2.155 billion ($3.477 billion), up 41 per cent on the same period a year earlier. For the first nine months of 2014, underlying profit rose 35 per cent year-on-year to £5.974 billion. Pre-tax profit on a statutory basis was £1.614 billion, a 5 per cent drop on the same period in 2013.

DBS
The bank announced S$142 million of fee and commission income at its wealth management business in the third quarter of 2014, up 39 per cent on a year ago and up 3 per cent from the previous quarter. In the consumer banking/wealth management segment of DBS, it logged a pre-tax profit of S$252 million, down from S$381 million a year earlier.

OCBC
Oversea-Chinese Banking Corporation, which recently won its battle to acquire Hong Kong-based Wing Hang Bank, said income from wealth management reached a record of S$1.68 billion ($1.31 billion) in the first nine months of 2014, a 17 per cent year-on-year increase. As a share of total income, wealth management activities contributed 28 per cent as compared to 29 per cent a year ago. OCBC’s private banking business grew with assets under management of $51 billion (S$65 billion) as at 30 September 2014, 13 per cent higher as compared to US$45 billion (S$57 billion) a year ago.

United Overseas Bank
UOB logged a third-quarter profit of S$1.71 billion, a gain from S$949 million a year earlier; net profit after tax was S$866 million, also up from S$773 million a year ago. The expense/income ratio was 40.6 per cent, down from 43.8 per cent.

Australia & New Zealand Banking Group
ANZ logged a record annual profit of after tax of A$7.3 billion, up 15 per cent from the previous year, driven by its Asian business. The bank said its cash profit also rose 10 per cent to A$7.1 billion over the same period. Cash profit for the Global Wealth Division increased 11 per cent. Excluding the impact of the sale of ANZ Trustees, which completed in July, and a prior year one off tax credit, profit increased 10 per cent. Private Wealth profit grew 62 per cent, excluding the impact of the sale of ANZ Trustees. ANZ said this was driven by a new investment led model, with deposits and investment FUM up 20 per cent and 21 per cent respectively.

Macquarie
Macquarie Group reported a net profit after tax, attributable to ordinary shareholders, of $A678 million ($598 million) for the half year ended 30 September 2014, a gain of 35 per cent year-on-year. Net operating income of $A4.3 billion in the first half of the year was up 17 per cent on the same period a year earlier. Assets under management of $A425 billion, broadly in line with 31 March this year.