US bank holding companies: Structure of activities and performance through the cycles

Stéphane Albert

International Review of Financial Analysis, 2015, vol. 42, issue C, 253-269

Abstract: The development of market-based finance has supported a larger involvement of banks in non-banking activities over the last decades. Does diversification beyond “traditional” banking result in actual diversification of earning risks and superior risk-return profile? Existing studies on bank performance address the effect of earnings based on accounting types and for specific time periods. With the exception of proprietary investments and financial leverage, knowledge with regard to underlying activities is scarce and little conclusive to date. Other studies, mainly stemming from central banks, do not focus on activity types or risk-return but evidence a marked influence of economic conditions and financial markets on banks' income.

Keywords: Bank performance; Earnings volatility; Diversification; Investment services; Interest rate risk (search for similar items in EconPapers)
JEL-codes: G17 G21 L25 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:42:y:2015:i:c:p:253-269

DOI: 10.1016/j.irfa.2015.08.002

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