Fitch: US Banks to Benefit from Rate Rise, But Earnings Headwinds Persist

CHICAGO–(BUSINESS WIRE)–Most U.S. banks are projected to benefit from the December 2016 interest rate hike, according to the latest North American Financial Institutions Chart of the Month from Fitch Ratings. However, absent further meaningful increases in interest rates, this December’s rate hike alone will likely not be sufficient to boost earnings materially. Fitch expects that banks will continue to focus on expense controls in 2017 with some modest earnings benefits from incremental rate