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Earnings live updates: JPMorgan, Goldman Sachs stocks rise as big banks kick off Q3 earnings season

Major Wall Street financial institutions have kicked off the third-quarter earnings season with mixed results, sending stock prices moving in opposite directions. JPMorgan Chase reported a profit increase alongside rising net interest income, though its per-share earnings fell short of analyst projections. Goldman Sachs posted an equities-led earnings beat, driven by a sharp jump in equities revenue. Meanwhile, Citigroup shares dropped despite posting profits and revenues that topped estimates, while Wells Fargo faced an increase in credit costs and loan loss provisions.

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  • ✓ JPMorgan Chase reported that profits rose 6% from the third quarter a year ago to $15.3 billion, or $5.57 per share.
  • ✓ JPMorgan net revenue rose 8% to $50.2 billion compared to $46.4 billion in the third quarter of last year.
  • ✓ Goldman Sachs reported third-quarter earnings of $17.01 per share.
  • ✓ Goldman Sachs saw a 72% jump in equities revenue.
🛡️ Source Corroboration: 12 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo reported their third-quarter financial results.

Live updates

  1. Major US Banks Kick Off Q3 Earnings Season

    Major Wall Street financial institutions have kicked off the third-quarter earnings season with mixed results, sending stock prices moving in opposite directions. JPMorgan Chase reported a profit increase alongside rising net interest income, though its per-share earnings fell short of analyst projections. Goldman Sachs posted an equities-led earnings beat, driven by a sharp jump in equities revenue. Meanwhile, Citigroup shares dropped despite posting profits and revenues that topped estimates, while Wells Fargo faced an increase in credit costs and loan loss provisions.

    Why it matters

    The corporate results arrived following a turbulent market quarter marked by the conflict in Iran, elevated oil prices, and a global bond-market selloff that pressured dealmaking. Investors are closely monitoring bank health, deposit costs, and loan growth against a backdrop of shifting interest rates and sticky inflation.

    What is confirmed

    • JPMorgan Chase reported that profits rose 6% from the third quarter a year ago to $15.3 billion, or $5.57 per share.
    • JPMorgan net revenue rose 8% to $50.2 billion compared to $46.4 billion in the third quarter of last year.
    • Goldman Sachs reported third-quarter earnings of $17.01 per share.
    • Goldman Sachs saw a 72% jump in equities revenue.
    • Wells Fargo reported that its loan loss provision jumped 51% from a year earlier.
    • Citigroup reported a profit beat driven by higher investment banking, services, and wealth revenue, yet its shares dropped.

    What to watch next

    • Additional major banks reporting upcoming quarterly results
    • Market reaction to ongoing geopolitical conditions and shifting interest rates
    • Further updates on loan growth and deposit costs across the financial sector
    Sources used for this update (14)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. economictimes.indiatimes.com — Q3 results
    3. Yahoo Finance — Earnings live updates: JPMorgan, Goldman Sachs stocks rise as big banks kick off Q3 earnings season
    4. Bloomberg.com — Citi Shares Drop Even After Fixed-Income Traders Post Higher Revenue
    5. Reuters — Citi profit tops estimates on higher investment banking, services and wealth revenue
    6. Seeking Alpha — Citigroup Q3 earnings, revenue beat as services, wealth post solid growth (C:NYSE)
    7. StockStory — Why Citigroup (C) Stock Is Trading Lower Today
    8. finance.yahoo.com — Earnings live updates: Q3 big bank earnings roll on
    9. www.livemint.com — US bank earnings: How did JPMorgan, Goldman Sachs ... - Mint
    10. finance.yahoo.com — Goldman Sachs Rises on Equities-Led Earnings Beat; JPMorgan ...
    11. www.wealthiertoday.com — US Bank Earnings: JPMorgan, Goldman Sachs and Other Bank ...
    12. au.headtopics.com — Earnings live updates: JPMorgan, Goldman Sachs stocks rise as ...
    confidence 95%
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