Metavante Fuels Rise At Marshall &Ilsley
MILWAUKEE - (10/15/04) -- Marshall & Ilsley said thirdquarter earnings climbed 11% to $155.4 million, or 69 cents ashare, due to the continued growth in its Metavante financialservices unit. Total non-interest income for the bank holdingcompany rose 13% for the quarter to $367.9 million. Through thefirst nine months of the year net income increased 12% to $453.3million, or $2.01 a share, and on-interest revenues, most of itearned by Metavante, climbed 11% to $1 billion. Metavante, a whollyowned unit of M&I, has completed six major acquisitions in thefirst three quarters, including the NYCE electronic funds network,Advanced Financial Solutions (AFS), owner of the CheckpointExchange check clearing network, the Kirchman Corp. and ResponseData, a provider of bill pay and check processingservices.