Fitch: U.S. Bank Earnings Unlikely to Improve in Second Half of 2016

(The following statement was released by the rating agency)

NEW YORK, August 01 (Fitch) Earnings results for U.S. banks were

higher across

the board in second quarter 2016 (2Q16); however, this

improvement is unlikely

to carry over into the second half of the year, according to the

U.S Banking

Quarterly Comment from Fitch Ratings, which reviews the largest

17 U.S. banks.

"U.S. Banks will not see material improvement in earnings over

the near term due

to the lower-for-longer interest rate env

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