Bank income October 2026: Update live

According to consensus metrics from StreetAccount, Citigroup is expected to report $4.31 billion in revenue for its fixed income markets division. It is also expected to report $1.76 billion in revenue in the equity market and $1.29 billion in investment banking fees.

Analysts expect Citi to report net credit losses of $2.41 billion and loan loss provisions of $2.62 billion.

– Laya Neelakandan

For years, JPMorgan Chase CEO Jamie Dimon has warned that interest rates could rise higher than investors expect, fueled by persistent inflation and geopolitical conflict.

Investors can get a fresh read on the outlook as big banks report third-quarter results.

The bond market sold off during the period amid renewed inflation concerns, rising oil prices and questions about how the wave of artificial intelligence-increasing debt will affect credit markets.

The 10-year Treasury yield – a benchmark that affects borrowing costs across the economy – jumped to around 5.3% at the end of September, the highest level in more than two decades. Bond prices fall as yields rise, raising funding costs for businesses and consumers.

For banks, higher rates are a double-edged sword.

Lenders may earn more on new loans, but they also have to pay more to hold deposits as money market funds and Treasuries become more attractive to investors. Higher borrowing costs are likely to increase demand for loans, while tighter financial conditions may lead to mergers and IPOs.

Ultimately, higher rates can strain borrowers’ finances, causing some to default.

Those concerns weighed on the bank’s stock during the third quarter. The S&P 500 Banks index fell 5.4%, while the broader S&P 500 gained about 2.3%.

– Hugh the Son

This will be the first chance that the analyst will have to ask directly Goldman Sachs CEO David Solomon on reports that he could be replaced by his chief executive, John Waldron, as soon as next year.

If Waldron, who is now Goldman’s president and chief operating officer, takes over as CEO, Solomon will likely remain as executive chairman for a while, an arrangement designed to engineer a smooth handoff.

But it’s unclear whether Solomon, 64, is ready to relinquish the reins of the top Wall Street investment bank, just as his company has moved forward.

Solomon has got Goldman back on track after an ill-fated foray into consumer banking earlier in his tenure. Helped by the artificial intelligence boom and a rebound in transactions and trading, Goldman’s stock has outperformed its rivals in the past year.

Goldman spokesman Tony Fratto said there is “no definite timeline for succession” at the bank.

Solomon and Waldron were awarded an $80 bonus in 2025 to stay with the bank until 2030.

– Hugh the Son

Analysts expect Wells Fargo to report net interest income of $12.66 billion, according to consensus metrics from StreetAccount.

They also estimate that the company will report a provision for credit losses of $1.14 billion.

Finally, CEO Charlie Scharf said the bank “benefits from the broad economic strength” of the US

– Laya Neelakandan

According to StreetAccount, Wells Fargo has beaten consensus expectations for revenue in 12 of the past 20 quarters.

The company has also beaten consensus metrics for earnings per share in 16 of the past 20 quarters, with one report beating expectations.

– Laya Neelakandan

Citigroup is set to report third-quarter results before the bell on Tuesday. Here’s what the company expects to deliver, based on a survey of analysts by LSEG:

• Earnings per share: $2.66 is expected
• result: $23.72 billion is expected

Company executives will hold a conference call with analysts at 11 a.m. ET.

– Laya Neelakandan

Goldman Sachsled by CEO David Solomon, has benefited from elevated investment banking and trading activity so far this year.

The main question: Will the Wall Street boom continue?

Here’s what Wall Street wants:

• Earnings per share: $13.02, according to LSEG
• result: $16.71 billion, according to LSEG
• Trading revenue: fixed income of $3.71 billion, equity of $5.02 billion, according to StreetAccount
• Bank investment fees: $2.84 billion, according to StreetAccount

Solomon and CFO Denis Coleman will host a conference call with analysts at 9:30 a.m. ET.

– Hugh the Son

JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday.

JPMorgan, led by longtime CEO Jamie Dimon, is the largest U.S. bank by assets and the largest in the world by market capitalization.

Here’s what Wall Street wants:

• Earnings per share: $5.90 according to LSEG
• result: $51.22 billion, according to LSEG
• Investment banking fees: $3.02 billion, according to StreetAccount
• Trading revenue: Fixed income $5.95 billion, equity $4.43 billion, per StreetAccount

Dimon and CFO Jeremy Barnum will hold a conference call with analysts at 8:30 am ET.

– Hugh the Son

Wells Fargo is scheduled to report third-quarter earnings before the bell on Tuesday. Here’s what Wall Street wants from the company:

• Earnings per share: $1.85 per share is expected, according to LSEG
• result: $22.3 billion is expected, according to LSEG

Company executives will hold a conference call with analysts at 10 a.m. ET.

– Laya Neelakandan