(Reuters) - The eighth-largest U.S. bank said in a U.S. Securities and
Exchange Commission filing that net interest margin fell to
3.63 percent in April and May from the first quarter's 3.69
percent.
National City said declines in nonconforming mortgage and
home equity run-off portfolios offset growth in its core loan
portfolio. Second-quarter net interest income should fall
slightly from the first quarter's $1.11 billion, it said.
Read more at Reuters.com Government Filings News
Exchange Commission filing that net interest margin fell to
3.63 percent in April and May from the first quarter's 3.69
percent.
National City said declines in nonconforming mortgage and
home equity run-off portfolios offset growth in its core loan
portfolio. Second-quarter net interest income should fall
slightly from the first quarter's $1.11 billion, it said.
Read more at Reuters.com Government Filings News
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