Fed Rate Hike Fails to Boost Bank Stocks as Market Reprices Rally
The Federal Reserve's rate hike on September 17, 2026, failed to lift bank stocks despite textbook expectations that higher rates would benefit banks by widening net interest margins. Instead, JPMorgan Chase (JPM), Wells Fargo (WFC), and Goldman Sachs (GS) fell between 1% and 4%. The market had already priced in the hike, with regional banking ETFs up over 12% year-to-date and JPMorgan itself rising more than 13.75% over one year. Jamie Dimon of JPM warned that current conditions may be
