JPMorgan Chase, Goldman Sachs, Wells Fargo and Citigroup are set to report third-quarter earnings on Tuesday, kicking off Wall Street's earnings season. Citing Yahoo Finance, the article says JPMorgan, Goldman Sachs, Citigroup, Bank of America and Morgan Stanley have shed $270 billion in market cap from their summer highs. Institutional investors expecting banks to outperform fell from 82% last December to 68% in July and 35% now, per Truist, and the KBW Bank index is down 12% since its August 14 peak. The SpaceX IPO, a banner item for banks, won't fall into this quarter, raising questions about IPO fees and how a weakening consumer could affect consumer-focused banks like JPMorgan, Citigroup and Wells Fargo. The hosts expect each bank to report differently, and note that Solomon said trading may be softer than a year ago.
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 10/09/2026 | 332.99 |
| Change that session | +0.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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