Wall Street banks posted second quarter financial results this week that signaled shrinking borrowing costs are hurting margins on deposits.
Several of Wall Street's biggest banks reported second-quarter results this week that rattled investors and got them worried about the impact of lower interest rates. In the weeks leading up to bank earnings, investors and analysts were worried about net interest margins, one of the most important metrics for a banks profitability. Both Wells Fargo and Citigroup reported declining net interest margins, and Goldman Sachs lowered its yearly outlook for net interest income.
Several of Wall Street's biggest banks reported second-quarter results this week that rattled investors and got them worried about the impact of lower interest rates. In the weeks leading up to bank earnings, investors and analysts were worried about net interest margins, one of the most important metrics for a banks profitability. Both Wells Fargo and Citigroup reported declining net interest margins, and Goldman Sachs lowered its yearly outlook for net interest income.
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