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Earnings Roundup: Which Big Companies Beat or Missed This Week

Earnings Roundup: Which Big Companies Beat or Missed This Week

ATN BREAKING NEWS |

Earnings Roundup: Which Big Companies Beat or Missed This Week

October 13, 2026 | ATN Trade & Finance

Q3 2026 earnings season opened Monday with the big banks, and the results split cleanly down the middle: Wall Street trading desks surged, lending businesses disappointed, and Goldman Sachs delivered one of the most dramatic beats of any major financial institution in years.

Goldman Sachs (GS): +30% EPS Beat — Second-Best Revenue Quarter Ever

Goldman reported Q3 EPS of $17.01 against a consensus estimate of $13.09 — a beat of roughly 30%, or $3.92 per share. Revenue came in at $18.68 billion versus an $16.86 billion consensus, a 10.8% upside. Equities revenue hit $6.44 billion, up 72% year-over-year, and total Global Banking & Markets revenue rose 32% to $13.46 billion. Investment banking fees came in at $3.22 billion, up 21%, led by advisory and equity underwriting. Asset & Wealth Management revenue grew 14% to $5.05 billion. Goldman's shares rose about 4.65% premarket to $935.50. The Q2 2026 beat was even larger at 46%, suggesting Goldman's trading operations have consistently outperformed consensus models this year.

JPMorgan Chase (JPM): Rare Revenue Miss After Eight Straight Beats

JPMorgan reported EPS of $5.75 against a $5.93 consensus — a narrow miss of $0.18. Revenue came in at $50.17 billion versus a $51.23 billion forecast, the bank's first revenue miss after eight consecutive beats. Net interest income rose a healthy 12.8% year-over-year to $27.04 billion, and commercial and investment banking revenue rose 14.4% to $22.73 billion. The drag was securities losses and weak fixed-income trading. The credit provision fell to $2.74 billion from $3.40 billion a year ago, though a $2.2 billion provision tied to the Apple Card portfolio transaction complicates the comparison. Despite the miss, JPMorgan shares were barely moved premarket, up just 0.18%. Investors will be watching whether management revises its full-year 2026 NII guidance of approximately $105.5 billion.

Wells Fargo (WFC): EPS Beat, Revenue Miss

Wells Fargo reported EPS of $1.87, narrowly beating the $1.84 estimate. But net interest income of $12.52 billion came in slightly below expectations — a concern as the market watches whether high rates are still fully flowing through the lending book. The credit provision rose to $1.03 billion from $681 million a year ago, and the net charge-off rate was 0.38%. A bright spot: Wealth and Investment Management client assets rose 11% to $2.45 trillion and segment net income was up 19%.

Citigroup (C): Double Beat — Decade-High NII

Citigroup was the cleanest beat among the lenders. EPS came in at $2.85 versus a $2.65 consensus, and net interest income hit $16.98 billion — up 13.7% year-over-year, described as a decade high. Markets revenue was $6.1 billion, up 6% year-over-year. The drag: credit card profits fell 8% on higher rewards costs and loan provisioning. Investment banking fees rose 9% to $1.35 billion.

Beyond the Banks

Goldman Sachs was not the only double beat of the day. UnitedHealth Group (UNH) reported EPS of $4.69 versus a $4.12 estimate (+$0.57), a significant beat for the healthcare giant. Johnson & Johnson (JNJ) beat with EPS of $2.59 against a $2.53 consensus. Domino's Pizza (DPZ) reported $4.60 against a $4.36 estimate. Albertsons came in at $0.36 versus $0.33.

What this means for investors: The Q3 bank earnings story is essentially: trading beats, lending mixed, credit costs rising but not alarming. Goldman's 30% EPS beat is a standout — and its second consecutive massive upside surprise — driven entirely by equities volatility and deal activity. JPMorgan's rare miss is notable but not alarming given the NII growth; the stock barely moved. For the broader Q3 season, the bank results suggest an economy with healthy corporate activity, gradually rising consumer credit stress, and a market environment that has been extraordinarily lucrative for trading desks. What comes next: Bank of America, Morgan Stanley, and BlackRock are reporting this week.

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