US Banks Report Mixed Q3 Profits
JPMorgan Chase reported financial results for the third quarter of 2026 that fell short of analysts’ expectations, with a net profit of $15.31 billion ($5.57 per share), despite its usual performance of surpassing forecasts in the past. Conversely, Wells Fargo posted profits of $5.95 billion on revenues of $21.87 billion, exceeding analysts' profit estimates but falling below revenue expectations. Additionally, Citibank recorded a net profit of $5.2 billion, representing a 36.8% year-over-year growth, while Goldman Sachs earned $5.29 billion with revenues of $18.68 billion, surpassing market expectations.
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