Five big US banks post over $36 billion in third-quarter profit
Their combined profits climbed about 13% from a year earlier, yet bank shares kept sliding.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Combined third-quarter profits at five of the largest US banks, including JPMorgan, Goldman Sachs, Citigroup, Morgan Stanley and Wells Fargo, topped $36 billion. That total was roughly 13% higher than in the same period of 2025. Despite the gains, the banks' share prices continued to decline.
Why it matters
The earnings show strong profit growth at major US banks, while investors continue to push their share prices down.
Timeline
- Oct 18, 9:00 AM ET: Big banks, including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America, post mixed third-quarter earnings.
- Oct 19, 7:51 AM ET: Five largest US banking groups together record third-quarter profits of more than $36 billion.
Coverage
- Stephanie Link thinks Wells Fargo is a standout after big bank earnings (CNBC)
- Investimental: US banks report profits of over $36 billion, but share prices continue to fall (business-review.eu)
- Big Banks Outperform Sector, But Risks Shine Bright (Jeremy LaKosh)
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