Major Wall Street banks posted solid third-quarter results, with wealth management a key contributor thanks to rising markets, higher fees and strategic moves to attract clients. Goldman Sachs' asset and wealth division reported revenue above $5 billion, up 14%, while fees from alternative investments reached $860 million, up 43%. Wells Fargo's wealth and investment management unit earned $603 million in net income, up 19%, and it expanded alternative offerings on its platform by 30%. Citi's wealth division posted $585 million in net income, up 93%, while JPMorgan missed overall earnings expectations but its asset and wealth unit still earned $1.8 billion, up 11%, with client asset flows of $263 billion. Morgan Stanley reported record wealth management revenue of $9.1 billion.
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Related tickers and likely impact
JPM
▲ Likely positiveJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/14/2026 | 335.28 |
| Change that session | +1.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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