Major U.S. Banks Report Uneven Q3 Earnings

Overview

• Major lenders reported results on Tuesday, October 13, 2026, posting year‑over‑year profit gains while showing wide differences across revenue lines and business units.
• JPMorgan posted $15.305 billion in net income, up 6% year‑over‑year, but missed Wall Street on EPS and total revenue and said it trimmed share buybacks to prioritize investment.
• Wells Fargo beat earnings estimates with roughly $5.95 billion in net income driven by about 11% loan growth and higher net interest income even as total revenues fell short of some forecasts.
• Goldman Sachs and Citigroup delivered strong year‑over‑year profit jumps led by global markets and investment banking at Goldman and by revenue gains with lower credit provisions at Citi.
• Analysts and investors are now watching loan delinquencies, provisioning trends, the sensitivity of net interest income to rate moves, and banks' tradeoffs between buybacks and reinvestment because those factors will shape credit availability and costs for consumers and businesses.