Net interest margin fell nine bps to 3.43 percent from last quarter because of lower rates on new securities and loans.
The net interest margin fell seven basis points to 1.93 per cent from the year - earlier period and was down 5 basis points compared to the previous first half.
Case in point: Wells Fargo recently reported that
its net interest margin fell below 3 % for the first time in at least a decade.
Not exact matches
However, Citigroup's
net interest income and
margin fell just short of expectations.
A low rate or
falling rate environment tends to expand the
net interest margins of mREITs, while a rising rate environment tends to shrink their
margins.