Bank Stocks Rally as JPMorgan, Wells Fargo, Citi, and Goldman Sachs Deliver Blowout Q3 Earnings
Source Tradingkey
TradingKey – Wall Street banks posted stellar third-quarter results, with both revenue and earnings beating expectations.
On Tuesday, October 14, ahead of the U.S. market open, bank stocks broadly advanced:
- Wells Fargo (WFC) surged 2.84%, currently trading at $81.16
- Citigroup (C) rose 0.44%, now at $96.52
- JPMorgan Chase (JPM) edged up 0.02%, priced at $308.03
- Goldman Sachs (GS) was the outlier, falling more than 2%
Goldman Sachs Stock Chart – Source: Google.
Several major U.S. banks just released their Q3 earnings reports, all showing stronger-than-expected performance:
Bank | EPS / Estimate (USD) | Revenue / Estimate (USD) |
Wells Fargo | 1.66 / 1.55 | $21.43B / $21.14B |
Citigroup | 2.24 / 1.75 | $22.09B / $21.05B |
JPMorgan Chase | 5.07 / 4.84 | $46.43B / $45.25B |
Goldman Sachs | 12.25 / 11.02 | $15.18B / $14.13B |
Bank Earnings Data – Source: Investing.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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