SNL analysis reveals bank margins still squeezed
Despite profitability seen among a number of banks both in the US and Europe, the big lenders continue to be hampered by pressure on profitability, according to analysis from SNL.
The analysis looks atmeasures such as net interest and net interest margins.
These reveal less difference between lending in Europe and the US than might be expected, SNL said.
But while there are what it calls “profitability stars” such as Goldman Sachs, JPMorgan Chase, Wells Fargo, Nordea Bank and Standard Chartered, the general picture is one of margins on assets falling in early 2013 and pressure on lending profitability.
Click here to read the report: http://www.snl.com/InteractiveX/Article.aspx?cdid=A-18273914-14372