Shares of banks and other financial institutions rose after generally strong earnings. Blackstone shares rallied after its third-quarter distributable earnings beat Wall Street targets, although CEO Steve Schwarzman said AI-driven gains in its infrastructure investments were offset by rising interest rates elsewhere in the business. Net realizations fell 49% in its private-equity unit amid a slowdown in deal activity. Nasdaq shares rose sharply after its third-quarter earnings growth topped analysts' expectations. Barclays shares slipped slightly after the British bank warned it plans to lay off 5,000 employees and rely more on artificial intelligence for more activities.
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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 | $913.3B |
| Close on 10/22/2026 | 336.54 |
| Change that session | +0.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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