# Bank Q3 earnings beat

Business · Heat 1.3 / 10 · 5 shows · 23m airtime

Goldman Sachs, Wells Fargo and Citigroup reported third-quarter earnings on October 13, 2026, posting a combined $32 billion profit, up 14% from a year earlier. The discussion has widened well beyond that beat: JPMorgan guided full-year net interest income to $106 billion to $107 billion and moved to block AI agents like Muse from customer accounts, while Morgan Stanley reported $232 billion in net new assets, more than double the $111 billion analysts expected. Executives flagged a marked slowdown in dealmaking in the last weeks of September even as European IPO activity runs up about 35% in count and 28% in proceeds year to date. The big six US banks' combined profitability has grown from $86 billion a decade ago…

Page: https://boilpoints.com/point/bank_q3_earnings_beat_106015584

## Segments

- [WSJ What's News](https://boilpoints.com/u/wsjwhatsnews), 2026-10-13, 7:36 to 10:12: **Walks through the quarter's bright spots and warnings**. Walks through the quarter's bright spots - consumer spending, dealmaking, AI and data center buildout - then turns to the bond-market turbulence and CEO warnings that higher-for-longer rates could trigger a corporate pullback and rising unemployment. New angle: Goldman, Wells Fargo and Citigroup posted a combined $32 billion third-quarter profit, up 14% year over year.
- [The Compound and Friends](https://boilpoints.com/u/thecompoundandfriends), 2026-10-13, 28:08 to 32:12: **Walks Goldman's quarter and the succession answer**. Walks through Goldman's blowout quarter line by line - $17 a share against $13.65 expected, record equities and advisory revenue - and adds the succession answer, the $10 trillion AI build-out view, and JPMorgan's raised net interest income guidance. New angle: JPMorgan's full-year net interest income expectation is now $106 billion to $107 billion.
- [The Best One Yet](https://boilpoints.com/u/thebestoneyet), 2026-10-14, 22:24 to 23:16: **Adds JPMorgan blocking AI agents from accounts**. Rapid-fire recap of the bank earnings round, adding one development the card does not carry: JPMorgan says it is blocking AI agents like Muse from customer accounts. The rest is a retelling of the profit beat and the fixed-income drag. New angle: JPMorgan is blocking AI agents like Muse from accessing customer accounts.
- [WSJ What's News](https://boilpoints.com/u/wsjwhatsnews), 2026-10-15, 3:38 to 5:04: **Adds bankers' read on a dealmaking slowdown**. Adds the bank executives' own read on the quarter: a marked slowdown in dealmaking in the last weeks of September, a permissive regulatory environment under the Trump administration, and Anthropic and OpenAI IPOs still coming, with Aura's pulled listing read as a negative signal. New angle: Bank executives flagged a marked slowdown in dealmaking in the last weeks of September.
- [Closing Bell](https://boilpoints.com/u/closingbell), 2026-10-16, 24:35 to 31:06: **Adds European IPO figures to explain the beat**. Argus Research's Stephen Biggar reviews the mixed quarter and adds a figure not yet on the record: European IPO activity is up about 35% in count and 28% in proceeds year to date, which he uses to explain why JPMorgan and Goldman beat Bank of America in investment banking. New angle: European IPO activity is up about 35% in count and 28% in proceeds year to date.
- [Bloomberg Surveillance](https://boilpoints.com/u/bloombergsurveillance), 2026-10-17, 2:54 to 4:33: **Picks out Morgan Stanley's wealth management surge**. Picks out Morgan Stanley's wealth management as the quarter's standout: $232 billion in net new assets against a $111 billion analyst estimate, a 30% pre-tax margin, and flows traced back to the June SpaceX IPO. A figure the bank-earnings coverage had not put on the record. New angle: Morgan Stanley reported $232 billion in net new assets this quarter, more than double the $111 billion analysts expected.
- [Bloomberg Surveillance](https://boilpoints.com/u/bloombergsurveillance), 2026-10-17, 8:05 to 9:23: **Traces a decade of big six bank profits**. Pulls back from the quarter to a decade-long arc: the big six US banks' combined profitability has gone from $86 billion to nearly $200 billion, and the segment frames banks as a proxy for consumer, corporate and market health. A new figure not on the record, though the segment is brief and drifts into banter. New angle: The big six US banks' combined profitability grew from $86 billion a decade ago to nearly $200 billion at the end of 2026.
- [Closing Bell](https://boilpoints.com/u/closingbell), 2026-10-20, 25:49 to 30:27: **Brings Mayo's numbers on the bank stock slide**. Brings on Mike Mayo to explain the six-week slide in bank stocks, framing it as fear versus reality. He puts fresh numbers on the record: banks down 11 percent in six weeks against 15 percent earnings growth, flat net interest margin with rising volumes, and capital markets revenue up 15 percent. New angle: Bank stocks are down 11 percent over six weeks while earnings are up 15 percent year over year.