Big Bank Earnings Begin With JPMorgan, Goldman

On Oct. 13, 2026, JPMorgan Chase & Co. and The Goldman Sachs Group, Inc. reported third-quarter results, with JPMorgan highlighting trading and investment-banking strength and raising net-interest-income guidance, setting the tone for the bank-earnings cycle.

JPMorgan Results and Guidance

JPMorgan reported third-quarter net income of $15.3 billion, or $5.57 per diluted share, up from $14.4 billion, or $5.07, a year earlier, according to its Form 8-K. Total revenue rose 8.0% to $50.2 billion, while net interest income increased 13.0% to $27.0 billion. These results provide the first full read on large-bank earnings for the quarter.

The bank raised its full-year 2026 net-interest-income guidance to $106.2 billion from $105.5 billion and net interest income excluding markets to $97.2 billion from $96.5 billion. It also increased expense guidance to $108.6 billion from $107.5 billion. Management described the deals pipeline as robust but noted transactions appeared more likely delayed than canceled. Investors will monitor whether the upgraded guidance holds amid evolving rates and balance-sheet dynamics.

JPMorgan’s provision for credit losses fell 19.0% year over year to $2.7 billion. The bank reported a standardized Common Equity Tier 1 capital ratio of 13.9%, reflecting its risk and capital position early in the cycle.

Goldman Results and Returns

Goldman Sachs reported third-quarter net revenue of $18.7 billion, up 23.0% year over year, and net earnings of $5.3 billion, a 29.0% increase, with diluted earnings per share of $17.01, according to its Form 8-K. The firm attached its earnings release and scheduled a conference call to discuss results and outlook.

Goldman’s Global Banking & Markets segment generated $13.5 billion in revenue, a 32.0% increase that included record Advisory revenue. Its Asset & Wealth Management segment produced $5.1 billion, up 14.0% from the prior year. These capital-markets and wealth-management flows supported the quarterly topline.

Assets under supervision rose by $56 billion to a record $4.1 trillion. Goldman returned $4.5 billion to common shareholders during the quarter, including $3.0 billion in share repurchases and $1.5 billion in dividends. The board declared a $5.00-per-share dividend payable Dec. 30, 2026. Investors will focus on Goldman’s balance-sheet and capital actions as the earnings season progresses.

JPMorgan’s guidance lift and Goldman’s capital-markets momentum and shareholder returns will be key metrics shaping expectations for other large banks as quarter-end filings and calls unfold.