U.S. banks may be getting their last taste of the benefits of rising interest rates. Three years of rate increases have allowed banks to charge more for loans, but customers largely haven’t demanded higher deposit rates. The latest example: JPMorgan Chase & Co., which hit a record profit in the first quarter on the strength of its core lending business and a healthy U.S. economy. JPMorgan...
Source: Wall Street Journal April 12, 2019 11:02 UTC