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Cranberry Journal

Sunday, November 1, 2026

Also in this edition
Markets
  • S&P 5007,580.07−1.82%
  • Nasdaq25,437.00−2.85%
  • Dow51,770.31−1.09%
  • 10-yr yield4.93%−1.20%
  • Crude$101.11−2.89%
At the close · Nov 1

Banks

Tagged stories

The Charlotte, North Carolina, skyline seen from the west above trees in spring.
Business

Truist Is Selling $7.7 Billion of LightStream Loans to Carlyle, Weeks After Shedding $5.5 Billion of Auto Loans. It Also Took a $1.45 Billion Securities Loss.

Truist agreed on 14 October to sell $7.7 billion of unsecured consumer loans, substantially all of LightStream's assets, to Carlyle. Its third-quarter results on Friday 16 October showed reported earnings of $0.56 a share and adjusted earnings of $1.16, after a $1.447 billion pre-tax loss on the sale of securities.

By Margaret Holloway  

The glass-and-steel tower of Goldman Sachs's headquarters at 200 West Street, seen from below against a blue sky with white clouds.
Markets

Goldman Earned $17.01 a Share Against a $13.02 Consensus. Equities Revenue Alone Ran About $1.8 Billion Above the Preview Estimate.

Goldman Sachs reported third-quarter earnings of $17.01 a share on Tuesday 13 October, against an LSEG consensus of $13.02, on net revenue of $18.68 billion. Equities revenue rose 72 per cent from a year earlier to $6.44 billion, while fixed income was flat. Earnings per share were still 19 per cent below the second quarter.

By Daniel Okafor  

The Jersey City waterfront seen across the Hudson River, with the tall Goldman Sachs Tower at left.
Markets

Goldman Sachs Has Had 17 Downward Earnings Revisions and No Upgrades in 30 Days. It Reports on Tuesday Against a $13.02 Consensus.

Goldman Sachs reports third-quarter 2026 results on Tuesday 13 October at about 7:30 a.m. ET, with its call at 9:30 a.m. ET. IG puts the LSEG consensus at $13.02 a share on $16.71 billion of revenue, and the StarMine SmartEstimate at $12.80. Nothing has been reported yet, and estimates for individual business lines differ by provider.

By Daniel Okafor  

The Lower Manhattan skyline seen across the water under a blue sky.
Business

JPMorgan Reports Tuesday After a Quarter With $5.6 Billion of One-Off Gains. Analysts Expect Revenue of About $51 Billion.

JPMorgan Chase will report third-quarter results at about 7:00 a.m. Eastern on Tuesday 13 October, opening bank earnings season. Analysts expect revenue of about $51.2 billion and earnings of $5.93 a share, according to MarketBeat. The second quarter's $58.0 billion of revenue included a $4.6 billion Visa gain and $1.0 billion of other equity gains, and nothing has been reported yet.

By Cory Chamberlain