Sasha Jovanovic
5 min read
Social Security’s looming funding crunch is not just a policy story. It has real potential to reshape who spends, who saves and where capital flows as long-term interest rates respond to reform delays and heavier government borrowing. That mix can hurt some areas of the market while opening the door for others tied to higher yields. This article walks through three U.S. banks and asset managers that are closely exposed to this news backdrop.
The three stocks below are just a starter set, and the full screen surfaced 27 more U.S. banks and asset managers with similarly detailed stories that are not covered here.
If you want to identify, compare, and analyze which businesses could be better placed if long-term yields climb, head straight into the U.S. Banks and Asset Managers Benefiting from Higher Long-Term Interest Rates screener.
Fifth Third Bancorp (FITB)
Fifth Third Bancorp sits near the center of this higher long term rate theme, with a balance of lending and wealth services that ties its earnings power closely to what happens along the Treasury curve.
Fifth Third Bancorp is a large U.S. regional bank offering commercial, consumer, small business, and wealth and asset management services. It earns its income mainly from lending spreads and fees within the United States, where it generated about US$11.1b of revenue, and it currently carries a market value near US$48.9b.
Growth in payments and deposit rich platforms such as Direct Express and Newline, which together contribute several billions of dollars of low cost deposits and rising fee revenue, gives Fifth Third Bancorp additional levers to support net interest income and noninterest income over time.
The real swing factor is how one unseen pressure on funding costs and pricing power ultimately flows through to long term profitability.
That pressure point is exactly where the story gets interesting, and the full narrative for Fifth Third Bancorp unpacks how Fifth Third Bancorp’s funding mix could accelerate or cushion those shifts.
First Horizon (FHN)
First Horizon leans heavily on classic interest-based banking, so any shift in the long end of the Treasury curve feeds directly into its earning power, while its broader mix of lending, wealth and capital markets services adds extra levers beyond pure rate sensitivity.
Wealth management is becoming a larger fee contributor following the LPL platform conversion and advisor hiring, with about $5m of additional brokerage, trust and insurance revenue in the first half of 2026 that can build non interest income and earnings.
