Major US Banks Report Profit Growth as Equities Trading Surges 39%
Key Facts
JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo reported revenue and profit growth for the current quarter. Earnings reports released on October 13, 2026, showed that this performance was driven by a 39% average increase in equities trading revenue across the major institutions.
The surge in trading revenue occurred despite a slowdown in bond trading and investment banking fees. These results were published as global technology stocks faced downward pressure following a rout in Asian markets.
Latest Updates · 2
- Notable·
Update: Investors are focusing on the T. Rowe Price Financials ETF (TFNS) as the major bank earnings season began on October 13, 2026. The banking sector accounts for approximately one-third of the fund's total holdings, positioning it as a key instrument for tracking sector performance.
- Major·
Update: JPMorgan Chase, Citigroup, and Wells Fargo set new records for lending income in the current quarter. These results, reported on October 13, 2026, bolster the banking sector's outlook despite the pressures observed in other market segments.