US Banks: JPM and GS rise, Wells Fargo falls after Q3 results

Goldman Sachs group

13/10/2026 12:40

Updates with GS
Goldman Sachs GS.N
** Shares up 1.8% in premarket trading
** Bank posts higher Q3 profit, driven by a 72% jump in equities trading revenue
** Equities revenue jumped 72% to $6.44 bln as volatile markets spurred trading, while investment banking fees rose 21% to $3.22 bln, defying a broader M&A slowdown
** As of last close, GS shares up ~1.7% YTD
     
JPMorgan Chase & Co JPM.N 
** Shares up 1.6% premarket after co reports higher Q3 profit, but also a moderation in dealmaking momentum from the prior quarter
** Bank reports an 8% decline in investment banking fees vs Q2, though revenue from the unit rose 14% vs a year ago
** Avg. rating of 27 analysts on the stock is 'buy', while the median PT is $370 - LSEG data
** As of last close, JPM's stock has advanced ~3.7% YTD
     
Wells Fargo WFC.N 
** Shares down 1.3% premarket after co reports a rise in Q3 profit 
** The fourth-largest US lender reports net income of $5.95 bln, or $1.87/share, compared with $5.59 billion, or $1.66/share, a year earlier
** WFC says its customers are doing well despite economic uncertainty, but shares fallamid broader investor caution on the banking sector over future Fed rate hikes
** As of last close, stock has fallen ~10.6% YTD 
     
     

(Reporting by Rashika Singh)
((Rashika.Singh@thomsonreuters.com))