Bank execs tell a good economic story and investors are finally starting to believe them

The nation's four biggest lenders and its two major investment banks posted mostly better than expected third quarter results, citing revenue from advising companies on deals, lending to consumers and businesses, and managing money. Many bank stock investors seem to be asking whether and when rising interest rates will choke off economic activity, and bank profits along with it. J.P. Morgan Chase CEO Jamie Dimon raised concerns Friday that rising interest rates and geopolitical flareups could derail U.S. economic growth, but added that is not the case at the moment.