Major banks JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs all reported higher profits than a year earlier, but warned that higher rates and rising prices could weigh on consumers. JPMorgan earned $15.3 billion ($5.57 a share), up from $14.4 billion, yet missed analysts' expectations of $5.93 a share, the first such miss in nearly three years, with a $658 million investment securities loss and a 12% rise in expenses. Goldman Sachs earned $5.29 billion ($17.01 a share) as equities revenue jumped 72%, while Citigroup's profit rose 40% and beat expectations. Wells Fargo posted $5.95 billion ($1.87 a share), beating forecasts. According to FactSet, earnings-per-share growth for S&P 500 companies is expected to be nearly 30% from a year earlier.
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
• NeutralJPMorgan Chase
Relevance: medium
| 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.
Related news
- Prediction: JPMorgan Chase Raises Its Dividend Again in 2027
- JPMorgan CEO sends stern warning on the next credit cycle
- Big banks show clean credit, but investors fear what comes next
- Why JPMorgan can 'do well' in any rate environment
- JPMorgan Chase & Co. Q3 2026 Earnings Call Summary
- JPMorgan Chase & Co. Q3 Earnings Call Highlights
Get briefings and signals on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the morning, midday and evening briefing of each market and important news as it happens.