Chase, Wells show further decline in net interest margin

April 15, 2015 5:32 AM

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Chase, Wells show further decline in net interest margin

JPMorgan Chase & Co. and Wells Fargo & Co. proved again that the largest U.S. banks can't find enough productive uses for billions of dollars in customer deposits.

The lenders showed a further decline in net interest margin — the spread between what they make on loans and pay for funding — as they reported first-quarter results Tuesday and said higher deposit balances were mostly to blame. Wells Fargo's margin fell below 3 percent for the first time since at l...

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