Five Big Banks, Two Days, One Question: Can Record Trading Offset the Pressure From Rising Yields?
Key Highlights
- ➤10-year Treasury yield reached 5.24%, highest level since 2002
- ➤JPMorgan equity markets revenue rose 86% to $6.0 billion in Q2
- ➤Goldman Sachs equities net revenues rose 72% to $7.42 billion in Q2
- ➤Morgan Stanley reported record equity trading revenues of $6.3 billion
- ➤Five major banks report Q3 results October 13-14 alongside September CPI release
Expert Statements
Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co.
“Performance was strong across the Firm, and revenue in each line of business hit a new record”
Charlie Scharf, CEO of Wells Fargo & Company
“Continued expense discipline drove positive operating leverage”
Jane Fraser, CEO of Citigroup Inc.
“Our growing earnings generation will allow us to increase our planned dividend by 12%”
Ted Pick, Chairman and CEO of Morgan Stanley
“We continue to accrete capital, giving us incremental flexibility to invest in our core businesses”
VANCOUVER, British Columbia, Oct. 12, 2026 (GLOBE NEWSWIRE) -- Market Updates News Commentary - Third-quarter earnings season opens Tuesday with four of the largest U.S. banks reporting before the bell and a fifth following on Wednesday. They report after a demanding stretch for bank shares: over the past month the KBW Nasdaq Bank Index has fallen 9.7% while the S&P 500 gained about 1.5%, according to The Motley Fool, as the 10-year Treasury yield climbed to its highest level since 2002 and the Federal Reserve delivered its first rate increase in more than three years. The results will show whether the trading and dealmaking strength the banks reported in the second quarter carried through the summer. Companies mentioned in today’s commentary include: JPMorgan Chase & Co. (NYSE: JPM), The Goldman Sachs Group, Inc. (NYSE: GS), Wells Fargo & Company (NYSE: WFC), Citigroup Inc. (NYSE: C), Morgan Stanley (NYSE: MS).
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