JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo report third-quarter results on Tuesday, with Morgan Stanley and Bank of America following Wednesday. The reports land as the S&P 500 sits at an all-time high but has been volatile on rising Treasury yields and elevated oil prices.
The biggest U.S. banks open the third-quarter earnings season this week, setting the tone for the rest of the reporting period. Overall, 25 S&P 500 companies are scheduled to report their latest quarterly figures.
Timing matters for Wall Street. The S&P 500 climbed to an all-time high last week, but the benchmark has been volatile because of rising Treasury yields and elevated oil prices. Those moves have raised concern that the Federal Reserve could raise rates further to curb inflation.
JPMorgan and Goldman lead Tuesday's reports
JPMorgan Chase reports before the bell, and it is expected to post double-digit earnings growth from the year-earlier period. Data from Bespoke Investment Group shows the bank exceeds analyst earnings estimates 82% of the time, yet its shares fell after four of the last five releases.
Goldman Sachs reports before the open. LSEG forecasts 10% top-line and around 6% bottom-line growth for the quarter. Goldman has topped expectations for 12 straight quarters, and the stock rallied 9% after the last report.
Citigroup reports in the premarket. Analysts expect sharp year-on-year earnings growth, according to LSEG data, though the stock dropped after two of the last three releases.
Wells Fargo, meanwhile, reports ahead of the bell. LSEG forecasts earnings growth of more than 10%, and the shares are down 13% over the past month, the most among six major U.S. banks. Its bottom line has exceeded expectations for 10 straight quarters, per Bespoke, but shares fell after seven of those releases.
Morgan Stanley and Bank of America follow Wednesday
Morgan Stanley reports in the premarket, with LSEG expecting its top line to have grown nearly 10%. Its shares rose after the last four earnings releases, including a 5.8% jump on Q4 2025 numbers.
Bank of America reports ahead of the open. Analysts polled by LSEG expect single-digit year-on-year earnings and revenue growth. Barclays analyst Jason Goldberg expects somewhat mixed results, and projects net interest income to rise 2% quarter on quarter. He also said trading and investment banking fees could lag peers.
Source: CNBC
Trading involves risk.
Risk Disclaimer
