on April 14 reportedfirst-quarter net income applicable to common shareholders of $2.22 billion, or21 cents per share. It was $2.72 billion, or 25 cents per share, in the first quarterof 2015.
The bottomlineincludes a 7-cent-per-share hit from market-related net interest income adjustments.Meanwhile, net interest yield dropped to 2.05% from 2.15% in the linked quarterand 2.16% a year ago. The efficiency ratio rose to 75.11%.
The S&PCapital IQ consensus normalized EPS estimate for the first quarter was 21 cents.