JPMorgan, Goldman Sachs, Citi and Wells Fargo kicked off bank earnings season, with results that differed mainly because of funding sources. According to Dory Wiley, CEO of Commerce Street Holdings, Wells Fargo was weakest due to its heavy reliance on deposits, while Goldman leaned on equity trading, which was up 72%. At JPMorgan, expenses rose 12% against 8% revenue growth, and Citi performed well in payment processing. Wiley said rising bond yields could squeeze net interest margins, especially for regional and community banks that depend on deposits. On private credit, banks are funding much of it off balance sheet, but no problems have surfaced yet, though it remains a concern to watch.
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Related tickers and likely impact
JPM
• NeutralJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $885.1B |
| Close on 10/12/2026 | 334.30 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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