Big banks posted weaker-than-expected third-quarter revenue from trading and M&A advisory, while midsize lenders such as KeyCorp, Mercantile Bank and Atlantic Union Bank reported strong loan demand from midsize companies, particularly large health care firms and regional employers. Nate Tobik of CompleteBankData says many loans taken out after the pandemic at low rates are now up for refinancing at much higher rates. LPL Financial's Jeffrey Roach says demand remains stable because unemployment has not risen and many banks are keeping rates competitive. Mayra Rodríguez Valladares of MRV Associates warns that third-quarter results did not fully reflect the Federal Reserve's rate hikes, and that loan demand could fall and banks could become pickier about borrowers if the Fed keeps raising rates.
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| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.05 |
| Change that session | +0.34% |
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