In bank earnings season, surprise lurks in rising deposit costs

ANALYSTS estimate that net interest income at the largest U.S. banks will jump to $49.1 billion.
ANALYSTS estimate that net interest income at the largest U.S. banks will jump to $49.1 billion.
NEW YORK - When the Federal Reserve raised benchmark interest rates last month, it took North Carolina lender BB&T Corp. less than four minutes to announce it was passing that cost along to borrowers. Depositors, however, have yet to see the benefit. For many investors, such discipline means U.S. banks are about to feast on rising interest rates…
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