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

Wells Fargo & Company

13/10/2026 13:14

Updates prices and adds Citi
Citigroup C.N
** Shares down 1.1% premarket after co reports 40% jump in Q3 profit, driven by stronger investment banking, services and wealth management revenue
** Co's quarterly profit rose to $5.25 bln, or $2.85/share, vs $3.8 bln, or $1.86/share, a yr ago; investment banking revenue up 9% to $1.35 bln
** As of last close, Citi down ~13%

        JPMorgan Chase & Co JPM.N 
** Shares up 0.4% premarket after co reports higher Q3 profit, but also a moderation in dealmaking momentum from the prior quarter
** Bank reported Q3 profit of $5.57/shr, below the avg analyst estimate of $5.85/shr per LSEG, as fixed-income trading rev fell 4% and IB fee growth moderated
** As of last close, JPM's stock has advanced ~3.7% YTD

Goldman Sachs GS.N
** Shares up 3.8% 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
     
     
Wells Fargo WFC.N 
** Shares down 1% 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 

** Morgan Stanley MS.N and Bank of America MS.N, which are set to report before the market opens on Wednesday, also traded higher 
     

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