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The bank’s net interest margin, a key measure of loan profitability, edged up only 0.02 percent point from the fourth quarter, a slower pace of improvement than in the two previous quarters. Investors have been concerned that net interest margins may have peaked for the banks, since the Federal Reserve has signaled it is unlikely to raise short-term rates this year and the spread between short- and longer-term rates has narrowed. While Lake did not directly answer if the lending spread had peaked after fueling profit growth for years, she said it will likely not get any better in the coming quarters. The bank expects it to remain constant, she said.

Unlike Wells Fargo & Co, the other big U.S, bank to report earnings on Friday, JPMorgan stood by its outlook for net interest income, a key driver of profits, which tiffany cufflinks full metal jacket it expects to increase about 4 percent this year over 2018, Wells said it now expects its NII to decline 2 to 5 percent instead of landing in a range of plus or minus 2 percent, The change sent Wells shares down as much 2.4 percent, Lake also reiterated the bank’s 17 percent projection for return on average tangible common equity and said she does not anticipate the bank will raise it this year..

Lake downplayed questions about whether the bank’s $90 million provision for credit losses in its commercial banking segment in the first quarter was a reason for concern. “These downgrades were idiosyncratic. It was a handful of names” of diverse commercial and industrial borrowers, she said. “We are not seeing signs of deterioration.”. In the bank’s capital markets business, equity underwriting fell 13 percent and bond trading revenues fell 8 percent from the year-ago quarter. Bank executives had signaled earlier in the quarter that capital markets revenue could fall by a greater amount.

(Reuters) - Shares of Wells Fargo & Co reversed course to trade lower on Friday after the lender cut its 2019 net interest income forecast and said it would not provide a timeline on when a Federal Reserve cap on balance sheet growth will be lifted, The company expects tiffany cufflinks full metal jacket net interest income for the year to be down 2 to 5 percent, compared with its prior estimate of plus or minus 2 percent, Earlier this year, the bank said it expects to operate under the asset cap, imposed by the U.S, Federal Reserve, until the end of 2019..

NEW YORK (Reuters) - (Backstory is a series of reports showing how Reuters journalists work and the standards under which they operate). Hundreds of reporters and photographers pressed up against steel barriers last week to get a glimpse of Tesla Inc Chief Executive Elon Musk at Manhattan’s downtown federal courthouse. Three Reuters photographers used two ladders and years of experience to get some of the clearest, unobstructed shots of him entering and leaving the building, which were used by media outlets around the world.

Two hours before, Brendan McDermid, Shannon Stapleton and freelancer Eduardo Munoz staked out both entrances to the courthouse, which was ringed by barricades to control the expected crowd, About 30 minutes before the hearing, concerning Musk’s legal spat with the U.S, Securities and Exchange Commission, two brand-new Teslas pulled up in front of the courthouse, As soon as Musk stepped out, a crowd of tiffany cufflinks full metal jacket photographers and reporters swarmed him, McDermid and Stapleton, perched on small ladders, snapped pictures of Musk as he scaled the court’s pale granite steps..

About 90 minutes later, as Musk exited the building, Munoz took over at street level. Anticipating where the car would whisk Musk away, Munoz snapped one shot of him square on, unobstructed by the throng of handlers and reporters, and then scooted around the barriers to the other side of the car to capture Musk again, with his face and the imposing pillars of the court building reflected in the shiny roof of the Tesla Model S. His camera, as those of his colleagues, automatically sent photos wirelessly to Reuters picture editors who were primed to publish them in a matter of seconds to media clients hungry for images of the erratic billionaire entrepreneur.

WASHINGTON (Reuters) - The U.S, auto safety agency is probing tiffany cufflinks full metal jacket reports of potential unintended braking in 675,000 2017-2018 Nissan Motor Co Ltd Rogue vehicles, it said on Friday, The National Highway Traffic Safety Administration (NHTSA) said it is opening a defect petition review in response to a request by the Center for Auto Safety, The agency will look at reports of the vehicles’ automatic emergency braking system engaging with no apparent obstruction in the vehicle’s path, There are no reports of injuries or deaths associated with the petition..

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