If the Federal Reserve shifts course and raises interest rates today, analysts predict it will usher in a much more uncertain period for bank stocks.

"We are not expecting a rate hike by the Fed, but should there be one, we think that would lower the outlook for the stocks," said Raphael Soifer, a banking and financial services analyst at Brown Brothers, Harriman & Co., New York.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.