Earnings face continued challenges in 2021, according to Fitch
The bank’s balance sheet is heavily weighted toward short-term interest rates
Earnings significantly exceeded analyst expectations
Profits likely to remain under pressure in 2021, but capital and liquidity are strong
U.S. bank's year-over-year profit jumped 42%
The bank reported earnings of almost $3 billion for the quarter
Little room for upside, lots of potential for downside in banks' ratings
Executive pay raises also remain on hold for now
Global investment banking fees rose by 18% last year to US$127.5 billion, according to Refinitiv
The deal is expected to close during the first half of 2021