Major US banks report mixed results as dealmaking slows
Big U.S. lenders delivered uneven third-quarter numbers this week. JPMorgan posted its first earnings miss in nearly three years, though stronger equity trading and steady consumer lending helped cushion the blow.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Major U.S. banks posted mixed third-quarter results this week as dealmaking slowed. JPMorgan missed on earnings for the first time in nearly three years, while equity trading strengthened. Banks still pointed to robust deal pipelines despite market volatility, and consumer lending remained resilient.
Why it matters
Banks are paying a premium to keep customer deposits in a fiercely competitive market. The largest players can still be vulnerable to swings in capital markets.
Timeline
- Tuesday, Oct 14: JPMorgan misses earnings for the first time in nearly three years, amid mixed results across big banks.
- Oct 14, 11:42 AM ET: Morgan Stanley Chairman and CEO Ted Pick says he is cautiously optimistic about the fourth quarter.
- Oct 15: Wall Street's big banks' quarterly results show a capital markets lull after a strong first half of 2026.
Coverage
- Wall Street banks post mixed results as dealmaking stalls (Reuters)
- Wall St banks caught in capital markets lull after a strong first half of 2026 (sunherald.com)
- US banks post solid third-quarter loan growth, but face more competition for deposits (Yahoo News)
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