The Financial Post reports in its Saturday edition that JPMorgan posted another quarter of record net interest income and boosted its forecast for the year as the company benefits from higher interest rates and its purchase of First Republic Bank. A Bloomberg dispatch to the Post reports that the biggest U.S. bank also reduced its reserves for loan losses even as chief executive officer Jamie Dimon warned that the economic outlook was getting cloudier, especially given rising geopolitical risks with wars raging in Ukraine and the Middle East. On Friday he said, "This may be the most dangerous time the world has seen in decades." He also issued notes of caution about the records set in the third quarter. "These results benefit from our over-earning on both net interest income and below normal credit costs, both of which will normalize over time." JPMorgan's results mirror similar gains at Wells Fargo & Co. The third quarter reports offer the latest look at how U.S. consumers and businesses are faring as the Federal Reserve leaves borrowing costs higher for longer than most economists had predicted. JPMorgan's NII was $2.9-billion (U.S.) in the three months through Sept. 30, above expectations.