Tuesday, October 13, 2026
JPMorgan Chase reported third-quarter profit of $15.3 billion, or $5.57 a share, on Tuesday 13 October, against an LSEG consensus of $5.85. Reuters said it was the bank's first profit miss since the fourth quarter of 2023. Excluding $658 million of losses on investment securities, the bank earned $5.75, still below the estimate.
Wells Fargo earned $5.95 billion, or $1.87 a share, in the third quarter, above the $1.85 average estimate, but revenue of $21.87 billion was below the $22.15 billion analysts expected, according to the Associated Press. Its CET1 ratio fell to 10.0 per cent from 10.3 per cent in three months, as its accumulated other comprehensive loss rose from $8.3 billion to $16.5 billion.
Morgan Stanley reports third-quarter results at about 7:30 a.m. ET on Wednesday 14 October. The LSEG consensus, as cited by Reuters, is $2.94 a share against $3.46 in a record second quarter and $2.80 a year earlier. In September co-president Dan Simkowitz said "3Q is no 2Q." Goldman Sachs, reporting on Tuesday, showed revenue down 13 per cent from the second quarter in its comparable business.