US Banks: JPM rises, Wells Fargo falls after Q3 results

Goldman Sachs group

13/10/2026 12:25

Updates
JPMorgan Chase & CoJPM.N 

** Shares up 1.6% premarket after co reported higher Q3 profit but also a moderation in dealmaking momentum from the prior quarter
** Bank reported 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
** JPM's stock has advanced ~3.7% YTD

Wells Fargo WFC.N 
** Shares down 1.3% premarket after co reported a rise in Q3 profit 
** The fourth-largest US lender reported net income of $5.95 bln, or $1.87/share, compared with $5.59 billion, or $1.66/share, a year earlier
** WFC said its customers are doing well despite economic uncertainty, but shares fell amid broader investor caution on the banking sector over future Fed rate hikes
** Stock has fallen ~10.6% YTD 

** Goldman Sachs GS.N, Citigroup C.N and Morgan Stanley MS.N down between 0.7% and 1.7%

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