BNY Mellon, Citizens Financial and PNC report higher tech spending, mixed results on efficiency ratios

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Banks continued to report strong quarterly earnings on Friday, but presented a mixed bag of efficiency ratios. An uptick in efficiency ratios generally indicates a decline in profitability, with an ideal ratio considered to be 50% or below. Bank Automation News has compiled the efficiency ratios reported by banks for Q1 of 2021 and Q4 […]

https://bankautomationnews.com/premium-plus/plus-market-trends/bny-mellon-citizens-financial-and-pnc-report-higher-tech-spending-mixed-results-on-efficiency-ratios/