"The job market remains strong, the economy continues to expand, and inflation appears to be moving toward the FOMC's 2 percent longer running goal," Powell stated in a press conference. Following the interest rate-hike announcement, most Wall Street biggies, including Wells Fargo, The PNC Financial Services Group, Inc., Citigroup and Bank of America, increased their prime lending rate to 4.75%, effective Mar 22, 2018. Notably, PNC Financial and BofA, Zacks #3 (Hold)-ranked players, highlight their optimism on the banks' bright future prospects, with shares rising 10.1% and 8%, respectively, year to date.