Big US banks post mixed Q3 as JPMorgan misses, Goldman beats; stocks slip as chip selloff weighs
The four largest US banks opened earnings season with diverging results, JPMorgan posted a rare revenue miss while Goldman Sachs beat by a wide margin, leaving
WSJ · +15 outlets
Bank of America fined $1.21B over AML failures; Q3 profit misses as shares fall 4-5%
The OCC and Treasury penalized Bank of America for failing to properly monitor trillions of dollars in transactions, a charge that drove a Q3 earnings miss.
Bankingdive · +9 outlets
Wall Street stocks close lower as bank earnings meet renewed chipmaker selloff
Major indexes fell as mixed bank results combined with a semiconductor slump, with the S&P 500 reported down at about 7,805 and the Nasdaq leading declines.
Sharecast.com · +15 outlets
JPMorgan raises full-year net interest income outlook despite rare Q3 revenue miss
JPMorgan lifted its NII guidance even as it reported a surprise drop in fixed-income trading revenue that pulled total revenue below expectations.
Yahoo Finance · +13 outlets
Goldman Sachs posts blowout Q3 with equities up 72%, ~30% EPS beat, as credit and rates miss
Goldman's equity traders drove a wide earnings beat even as its credit and rates desks lagged, and CEO Solomon said there is no succession timeline despite nois
Investing.com · +3 outlets
Wells Fargo beats profit estimates but NII and revenue fall short; CFO sees higher rates aiding margins
Wells Fargo's consumer credit held up and loan losses were contained, but a net interest income miss and warnings on commercial real estate valuations weighed o
WTAQ · +15 outlets
Citigroup beats Q3 estimates, lifts full-year NII outlook, but shares drop on trading mix
Citi posted its best third quarter in a decade on higher net interest income and lower expenses, yet shares fell as fixed-income trading gains failed to impress
Yahoo Finance · +11 outlets
Major US banks report solid Q3 loan and deposit growth but face tougher deposit competition
The largest banks logged strong lending and deposit growth with resilient consumer credit, while flagging rising competition for deposits and fears about what c
New Orleans CityBusiness · +14 outlets
Rising interest rates and inflation bite some Wall Street banks as executives warn on outlook
Bank CEOs warned that elevated rates and persistent inflation pose risks to the economy even as quarterly profits stayed strong, with strong earnings not always
The New York Times · +9 outlets
Wall Street dealmaking slows in Q3 on market jitters, but bankers say pipeline stays strong
Investment banking activity stalled as market volatility delayed transactions, though executives expect the IPO and M&A lull to prove delayed rather than cancel
Reuters · +6 outlets
CoreWeave leans on insurance capital as near-15% bond yields spotlight high leverage
CoreWeave is courting insurers for financing as its junk-rated debt yields near 15%, raising questions about leverage in AI infrastructure buildouts.
BigGo Finance
RBL Bank Q2 profit jumps 170% on strong NII but shares plunge 7.5% on higher provisions
The Indian private bank's earnings surged on net interest income, yet the stock fell as elevated provisions and a warning that proposed IRDAI norms could cut ba
The Financial Express · +9 outlets
Canara Bank Q2 FY27 net profit rises 8% to Rs 5,175 crore, shares up 3.4%
The Indian state-run lender reported an 8% year-on-year profit increase with revenue of Rs 40,931 crore on strong net interest income.
bfsi.economictimes.indiatimes.com · +7 outlets
JPMorgan's Dimon warns customers of AI 'liability transfer' risk with agents
Dimon said customers using AI agents to manage deposits need to understand where liability shifts, amid fears of AI-driven deposit flight.
Bankingdive · +14 outlets
Trump White House convenes panel to reinvestigate Fed Governor Lisa Cook
The administration is assembling a committee to revisit allegations against the Federal Reserve governor, a move with political timing implications.
Bankingdive · +1 outlets
DBS Q3 profit forecast to fall 3.2% to $2.86 billion on lower interest income
Analysts expect the Singapore bank's earnings to decline as net interest income softens.
Asian Banking & Finance · +1 outlets
Fintech Upgrade applies for ILC charter with FDIC and Nevada
The credit-card startup named a SoFi alum and longtime regulator as CEO of its proposed bank, advancing its bid for a national bank charter.
Bankingdive · +1 outlets
Wealth management becomes a Wall Street growth engine
Asset and wealth management units are increasingly driving revenue growth at major US banks.
Funds Society