Overview
- EPS came in at $1.06 versus a $0.94 consensus, with net income of $8.5 billion and revenue of $28.24 billion, up 11% year over year.
- Management guided fourth‑quarter net interest income to $15.6–$15.7 billion, roughly 8% higher than a year earlier.
- Barclays raised its price target to $59 with an Overweight rating, and Citigroup lifted its target to $62 with a Buy.
- Core fee strength from trading and investment banking helped drive core PPNR to $10.9 billion and supported better operating efficiency.
- Capital remained solid with a 11.6% CET1 ratio and a 5.8% supplemental leverage ratio, as the bank completed $5.3 billion in share repurchases despite higher risk‑weighted assets.