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Loan growth, better spreads fail to impress U.S. bank investors

Reuters  |  NEW YORK 

By David Henry and Dan FreedNEW YORK (Reuters) - U.S. banks are starting to see some long-awaited benefits of higher interest rates, with four of the largest lenders beating analysts' quarterly profit expectations on Friday by raising loan prices without paying much more for deposits.But shares of JPMorgan Chase & Co , Wells Fargo & Co , Citigroup Inc and PNC Financial Services Group Inc were down in afternoon trading. Investors had wanted to see even better results and hear a sunnier outlook from executives, analysts said."Bank stocks were due for a breather," Edward Jones analyst Shannon ...

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First Published: Sat, July 15 2017. 00:59 IST
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