From mint · Rajendra Saxena · · 1m 20s
US Bank Earnings Q3 Results
Goldman Sachs, Citigroup and Wells Fargo beat estimates while JPMorgan Chase misses profit expectations.
In brief
Goldman Sachs, Citigroup and Wells Fargo beat estimates while JPMorgan Chase misses profit expectations. Four major US banks reported mixed Q3 earnings with Goldman Sachs, Citigroup and Wells Fargo exceeding Wall Street estimates while JPMorgan Chase fell short of analysts' profit expectations for the first time in…
Q3 Earnings Overview
Four largest US banks reported mixed third-quarter earnings with Goldman Sachs, Citigroup and Wells Fargo beating Wall Street estimates while JPMorgan Chase fell short of analysts' profit expectations for the first time in nearly three…
Goldman Sachs Profit Surge
Goldman Sachs reported a third-quarter profit of $5.29 billion, or $17.01 per share, compared with $4.10 billion, or $12.25 per share, a year earlier.
Equities Revenue Jump
Equities revenue surged 72% to $6.44 billion during the quarter while fixed income, currencies and commodities revenue declined.
JPMorgan Profit Miss
JPMorgan Chase reported a third-quarter profit of $15.3 billion, or $5.57 per share, compared with $14.4 billion, or $5.07 per share, a year earlier.
Citigroup Profit Rise
Citigroup reported a 40% year-on-year increase in third-quarter profit to $5.25 billion, or $2.85 per share.
Wells Fargo Earnings Beat
Wells Fargo reported third-quarter earnings of $1.87 per share, exceeding analysts' average estimate of $1.85.
The one thing
Four major US banks reported mixed Q3 earnings with Goldman Sachs, Citigroup and Wells Fargo exceeding Wall Street estimates while JPMorgan Chase fell short of analysts' profit expectations for the first time in nearly three years.
