Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
Author: Rebecca Keats
In the last five trading sessions ending June 19, 2015, the broader-market-based S&P 500 Index (SPY) rose by 0.73%.
Like other banks, Bank of America (BAC) and Wells Fargo (WFC) stand to benefit from interest rate hikes. Net interest income forms ~50% of their revenues, and rising interest rates could drive growth.
On February 7, 2017, Fidelity National Information Services (FIS) reported 4Q16 adjusted EPS of $1.14, which was in line with analysts’ estimates.