Mixed results for the big US banks, which are closing their accounts for the third quarter of the year these days. While Bank of America just today he announced that he is clearly came in handy (4,5 billion dollars, after a loss of over 200 million last year), the same fate did not happen to the first bank by volume last night, JP Morgan, which posted profit of $6,8 billion and up 22%, but fell short of analyst expectations.
Instead, it does slightly better than expected Wells Fargo, which grows by only 1,2% to 5,8 billion dollars, or 1,05 dollars per share, while the consensus of analysts was betting on an increase to 1,04 dollars. But the very low interest rates in the USA mean that the bank's net interest margin (i.e. the difference between the cost of the money it buys and what it then lends to households and businesses) has fallen below the threshold for the second time since 1990 3% (2,96%): it had already happened in the second quarter of 2015, and this is the reason why, despite the good results, the stock opened the session in the negative on Wall Street.
