 Lloyds Banking Group PLC LSE:LLOY and Standard Chartered PLC LSE:STAN shares offer the most potential update from expected rising net interest income for lenders as the Bank of England lifts rates ever higher, according to JPMorgan. As banks enjoy the improvements in net interest income NII from rate rises so far in 2022, JPMorgan analysts said they see the FTSE 350-listed lenders as defensively positioned from a capital perspective, with normalised return on tangible equity RoTE on higher rates expected to zoom faster than expected to around 11-16. 