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

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 […]