WASHINGTON -- While banks are enthusiastically expanding their mutual fund and retail brokerage businesses, the impact on bottom lines has been quite small so far, a Federal Reserve survey shows.

In a poll of 55 of the nation's largest commercial banks, the Fed found that just 1% of pretax net income had come from selling retail investments.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.