interest, rates, stock, market

What Higher-for-Longer Interest Rates Mean for Bank Stocks — Photo by Leonid Danilov on Pexels

Interest Rates Myths Cost 25% of Bank Gains

Myths about interest rates can shave roughly a quarter of banks' earnings, costing them about $300 million in profit per 25-basis-point hike. A 25-basis-point rise in the Fed funds rate adds about $350 million to the combined earnings of the 12 largest banks. Financial Disclaimer: This article is for