https://www.live-feeds.com/feed/rising-interest-rates-bite-some-wall-st-banksContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/rising-interest-rates-bite-some-wall-st-bankshttps://www.live-feeds.com/feed/rising-interest-rates-bite-some-wall-st-banks#u126803Sat, 17 Oct 2026 05:22:32 +0000JPMorgan, Wells Fargo, and Citigroup reported earnings showing consumers holding up despite high rates, but rising interest rates have taken a toll on some Wall St. banks' profits. The banks' strong Q3 profits were driven by US consumers paying bills and businesses investing in AI. However, the banks warned that higher rates and inflation could bite in the future.Why it mattersThe US banking sector is experiencing the impact of rising interest rates and stubborn inflation, which have affected everything from housing sales to online shopping. The strong Q3 profits of major banks were