Big Bank Earnings Show Higher Rates Boosting Profits But Causing Strategic Shifts
- Bank of America's balance sheet and exposure to rates in focus for Tuesday earnings.
- Goldman Sachs looking beyond trading and investment banking with exit from consumer business.
- Bank of New York Mellon topped estimates on higher net interest income from rising rates.
- Strategic changes underway at major banks as rates reshape landscape and profit dynamics.
- Recent earnings reports provide snapshot of banks adapting to new environment of higher rates.
Barron's 
