A new survey from research firm Fitch Ratings has found that banks that offer business consulting and financial services offer the lowest returns on investment, with banks offering the lowest overall returns on equity.
Fitch Ratings, a credit ratings agency, also found that the most profitable banks in the country offer the most financial products, but it found that these businesses provide little or no value for customers.
Fitches study found that, while banks that have a large portfolio of financial products tend to offer better returns, the most valuable banks in comparison offer the least.
Fitch says the banks with the best financial products offer the greatest returns, but the least value to customers.
For instance, Fitch’s study found, of the 10 banks that provide financial products and services, five offer the following:Investment banking and savings accounts for large investors.
Criminal law and criminal defense.
Credit card and auto loans.
Credit cards and loans.
The top 10 most profitable banking firms in the U.S. are:Fitch says banks that do not offer a banking or investment product should be focusing on their banking products and not the other areas of the business.
For example, Fitches study also found, the banks that charge high fees for products like credit monitoring and credit scores should focus on their financial services, and not focus on the other parts of their business.
The Fitch study was conducted on behalf of Fitch Financial Consulting in partnership with the Consumer Financial Protection Bureau.