High interest rates have not dampened lending demand, with the Big Three US banks posting another all-time high in net interest income.

Despite rising interest rates, U.S. consumers and businesses have kept borrowing, pushing loan revenue at America’s three largest banks to another record high in the third quarter. Earnings reports released Tuesday by JPMorgan Chase, Citigroup, and Wells Fargo show the three firms’ combined net interest income reached $56.5 billion in the third quarter, marking the fifth consecutive quarter of hitting an all-time high. JPMorgan forecasts net interest income will rise further in 2027. This outloo

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