BUZZ-US Banks: JPM, Wells Fargo fall after Q3 results
Reuters2026/10/13 10:46JPMorgan Chase & CoJPM.N
** Shares slip 2.7% premarket after reporting higher Q3 profit on investment banking and trading strength
** Bank's Q3 profit rose to $15.3 bln, or $5.57/shr, as revenue from its markets division climbed 15% and investment banking fees grew 14%
** JPM's stock has advanced ~3.7% YTD
Wells Fargo WFC.N
** Wells Fargo shares down 2.4% premarket after the co reported a rise in Q3 profit
** The forth-largest US lender reported net income of $5.95 bln, or $1.87/share, compared with $5.59 billion, or $1.66/share, a year earlier
** Stock has fallen ~10.6% YTD
(Reporting by Rashika Singh)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jensen Huang's influence surpasses that of Nvidia— and that's exactly the problem
Jensen Huang has been the key driving force behind the massive expansion of AI infrastructure, with his personal credibility and authoritative decision-making deeply embedded in the narrative of the global tech market’s rise over the past three years. Now, as scandals emerge, Nvidia’s trading team is expected to become more conservative and slow down external financing commitments, which undoubtedly worsens the situation for neoclouds already facing tight funding.
Deutsche Bank made significant Q3 purchases of midstream AI application stocks: the three major cloud giants saw increased holdings, with Palantir (PLTR.US) and Salesforce (CRM.US) also favored.
Deutsche Bank has submitted its third quarter 13F holdings report for the period ending September 30, 2026.
Crypto prices
More
