JPMorgan opens earnings season

Business · Heat 1.0 / 10 · 2 shows · 7m airtime

JPMorgan Chase and peer Wall Street banks opened third-quarter earnings season on October 13, 2026. Reporting since then attributes the rise in commercial lending to AI demand, while consumer credit and debit spending holds up on steady employment. The discussion has also turned to capital return: JPMorgan's buyback fell to $1 billion from $7 billion last quarter, against a $30 billion authorization. Later coverage adds a consumer read-through, with entertainment dollar volume up 13% year over year on 7% more transactions and Gen Z and millennials at 38% of Amex spending. Forward guidance still hinges on whether the Federal Reserve delivers another quarter-point rate increase before year end.

How 2 podcasts covered it

1. Marketplace, 2026-10-13 (1:33 to 4:14)
   Reports AI lifting commercial lending at JPMorgan
   Opens the episode at JPMorgan's new headquarters, where the bank and peers kicked off third-quarter earnings. Analysts say commercial lending is up on AI and consumer spending is strong on steady employment, with guidance hinging on another Fed hike.
   New angle: Commercial lending is up because of AI, and consumer credit and debit spending is strong because of steady employment.
2. The Compound and Friends, 2026-10-13 (23:48 to 28:04)
   Goes behind the headline to the buyback drop
   Goes into the JPMorgan quarter behind the headline: $5 trillion in wealth assets, roughly $700 million of AI costs for the year, and a buyback that fell to $1 billion from $7 billion last quarter. Also reads Citi's 5.6% drop as a technical breakdown after soft fee income.
   New angle: JPMorgan's buyback fell to $1 billion from $7 billion last quarter, against a $30 billion authorization.