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:
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.