Wall Street banks had a blockbuster first half. Higher rates will test the boom. — Live Feedhttps://www.live-feeds.com/feed/wall-street-banks-had-a-blockbuster-first-half-higher-rates-will-test-the-boomContinuously updated, source-cited coverage. Wall Street banks face rate reckoning after blockbuster first halfhttps://www.live-feeds.com/feed/wall-street-banks-had-a-blockbuster-first-half-higher-rates-will-test-the-boomhttps://www.live-feeds.com/feed/wall-street-banks-had-a-blockbuster-first-half-higher-rates-will-test-the-boom#u120820Wed, 14 Oct 2026 04:07:52 +0000Wall Street banks enjoyed a highly profitable first half of 2026, driven in part by a strong stock trading performance. However, the sector now faces a challenge as interest rates surge, causing investors to reassess the durability of the boom. The big banks, including JPMorgan Chase, are set to report their third-quarter earnings, which will provide further insight into the impact of higher rates on their business.Why it mattersThe performance of Wall Street banks is closely watched as it can provide insights into the overall health of the US economy. The banks' ability to handle the cur