Goldman Sachs (GS) reported third-quarter 2026 earnings per share up 39% year over year to $17.01, beating the Zacks Consensus Estimate by 31.9%. Net revenues rose 23% to $18.68 billion, driven by a 72% jump in equities trading revenue and a 21% rise in investment banking fees. Annualized return on equity improved to 18.7% from 14.2% a year earlier. The article flags concerns including elevated operating expenses, subdued fixed-income trading and uncertainty in capital markets. GS trades at a forward P/E of 12.53X, below the industry average of 12.60X, versus 13.26X for JPMorgan and 14.36X for Morgan Stanley. Over the first nine months of 2026, IB fees rose 40% to $9.46 billion.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
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 10/13/2026 | 331.43 |
| Change that session | -0.86% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- JPMorgan Expands Access To JPM Coin Among Institutional Investors
JPMorgan Chase (NYSE: $JPM), the largest U.S. bank, is expanding institutional access to JPM Coin, its year-old crypto token, by bringing it to the Ethereum network. The token is currently available only on Base, the Layer-2 blockchain run by Coinbase, and JPMorgan says Ethereum offers more liquidity and wide use by institutions, though no launch date has been set. JPM Coin represents dollar deposits at the bank and can help institutional clients make blockchain payments, settle trades or back tokenized assets. JPMorgan's Kinexys network already handles more than $7 billion a day in payments, and the bank plans a shared network for tokenized U.S. deposits with a dozen other banks. JPM stock is up 12% over the last year, trading at $337.97 per share.
- JPMorgan Slashes Q3 Share Buybacks: Is Organic Growth a Better Bet?
JPMorgan sharply cut its share buybacks in the third quarter of 2026 to a net $664 million, down nearly 89% from $6.2 billion in the previous quarter, as CEO Jamie Dimon prioritised investing in the franchise and supporting clients. The bank holds about $30 billion in excess capital and is looking to invest in technology, branch expansion, commercial banking, wealth management and international operations. It ended the quarter with $304 billion in CET1 capital, a 13.9% standardised CET1 ratio and a 20% return on tangible common equity. The article notes that fewer buybacks could limit near-term earnings growth, and that the 2026 adjusted expense outlook of $108.6 billion highlights cost pressures. Citigroup repurchased about $3 billion of shares in the quarter, bringing year-to-date buybacks to $13.3 billion with $23 billion still available as of Sept. 30, 2026, while Bank of America bought back $6 billion, leaving almost $11 billion of its $40 billion authorisation, and returned $8.3 billion in total including $2.2 billion in dividends.
- Robot factories and hypersonic missiles: JPMorgan Chase’s first $5 billion of defense investments
JPMorgan Chase said it has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, a faster pace than expected. The bank had pledged $10 billion into startups over a decade and may expand the program beyond that amount, according to co-president Doug Petno. Among the disclosed stakes, JPMorgan has taken direct positions in Hadrian, which builds automated factories making parts for defense, aerospace and maritime companies, and Castelion, maker of the relatively low-cost hypersonic missile Blackbeard. The bank helped lead a $1.4 billion funding round for Hadrian and was involved in a $1 billion round for Castelion. The direct equity stakes mark a departure from JPMorgan's usual role as a lender and advisor.
- As borrowing costs spike, Jamie Dimon asks corporate America: 'Are you prepared?' You should ask yourself the same thing
JPMorgan CEO Jamie Dimon warned that rising borrowing costs in 2026 mean many companies may not be ready, especially when they must refinance or borrow and face higher credit spreads. He argues that tech firms borrowing heavily to build AI data center infrastructure are competing with the U.S. Treasury for funds, pushing rates higher for households with mortgages, car loans and credit cards. The Joint Economic Committee reported that national debt hit a record $40.25 trillion at the start of October. Citing Bloomberg, JPMorgan strategists found deeply distressed loans rose 62.5%, from $40 billion in 2025 to $65 billion in the third quarter, the highest since March 2020. Freddie Mac data showed the 30-year fixed mortgage averaging 7.40% and the 15-year at 6.73% as of October 8, 2026, and the article urges readers to review and pay down their debts early.
- Banks poised to post colossal profits buoyed by higher interest rates
The UK's big four banks, Lloyds, NatWest, Barclays and HSBC, made pre-tax profits of £29 billion in the first six months of 2026, up more than a fifth year on year, as higher-for-longer rates widened their margins. Chancellor John Healey is reportedly considering a £7 billion windfall tax on lenders in his first Budget on October 28, after the banks were spared under predecessor Rachel Reeves. The simplest option, restoring the bank surcharge to 8% from 3%, would raise about £2 billion, but UK Finance warns it could cost the economy nearly £20 billion over ten years. The IPPR think-tank proposes changing how the Treasury accounts for losses on banks' QE reserves, which it says could save at least £5 billion a year by the end of the decade.
- Seven major financial stocks are down 11 % to 25 % from their peaks . Is the Bankpocalypse here ?
Related markets
Latest news
- Amazon stock pops after Morgan Stanley details 5 catalysts, lifts price target
Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335, implying about 40% upside from Friday's $250 close. The bear and bull cases are $220 and $410, a 3:1 risk-reward ratio. Analyst Brian Nowak outlined five catalysts: faster AWS revenue growth (47% in 2027 and 42% in 2028), AWS operating margins of 42% and 44%, more visibility into Bedrock, gains from AI shopping, and robotics that could save $2 billion to $4 billion a year for every 10% of units moving through automated fulfillment centers. The firm raised its capex forecast to $355 billion for 2027 and $365 billion for 2028. The stock is up about 11% this year but sits roughly 10% below its early August high.
- Should You Buy Meta (META) Ahead of Earnings?
Meta Platforms (NASDAQ:META) reports Q3 results on Oct 21, and the stock is among the top 10 holdings in Trump's latest portfolio, where its biggest trade in the Oct 8 filing was a purchase of $5 million to $25 million on Aug 21. Bulls say AI is boosting Meta's ad business: in Q2, ad impressions rose 14%, the average price per ad rose 12% and revenue grew 28%. Bears point to rising capital spending, nearly vanished free cash flow and a Q2 earnings miss of about 14% from legal and severance charges, while Muse brings in little revenue so far. The number of hedge funds holding Meta fell from 262 to 254 in Q2, and the stock fell after each of its last two earnings reports. The article notes analysts expect Q3 revenue growth of about 24% with EPS below last year, and suggests either buying a small starter position before the report or waiting for it.
- Berkshire Hathaway CEO Greg Abel Just Took a Page Out of Warren Buffett's Playbook, Plowing $930 Million Into a 'Wonderful Company at a Fair Price'
CEO Greg Abel has put $930 million into Bending Spoons, a company that acquires, optimizes and reinvests in digital businesses, including $600 million in its July IPO and a further $330 million later, lifting Berkshire's stake to about 4%. Bending Spoons has acquired 50 businesses since 2013, including AOL, Eventbrite and Vimeo. In the second quarter, revenue rose 126% to over $704 million, diluted EPS grew 163% to $0.28, and adjusted operating margin reached 54%. The IPO price was $29 per share and the $330 million purchase was at $33, while the stock now trades near $54.50, a market cap of nearly $35 billion and about 39 times forward earnings. The article argues this reflects Buffett's principle of buying a wonderful company at a fair price, though the stock is no longer a bargain.
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- BC-Gold Futures
AP's gold futures table (100 troy oz, USD per troy oz) as of 10:00 AM on Monday, October 19 shows the December 2026 contract trading at $4,169.50, down $11.60, with volume of 79,099 contracts versus 135,074 on Friday. The October 2026 contract rose $14.00 to $4,173.50, and open interest totaled 398,149 contracts, up 2,143.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.