Business · Companies · 1 hr ago
Four major US banks earn $105 billion in first nine months of 2026
Four major US banks reported $105 billion in combined profits for the first nine months of 2026.
JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs earned 25% more than in the same period a year earlier.
The overall increase was slower than in the previous quarter, and the banks’ results varied widely.
JPMorgan’s profits rose 20%, while Citigroup’s climbed 42%, Wells Fargo’s increased 10% and Goldman Sachs’ rose 40%.
JPMorgan fell slightly short of analysts’ expectations, while Citigroup and Wells Fargo beat theirs; Wells Fargo’s revenue figures disappointed analysts.
The results show strong profits alongside uneven performance, with banks citing factors including market activity, costs and economic uncertainty.
The banks’ results through September were reported, but no further next step was specified.
JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs reported combined net income of $105 billion for the first nine months of 2026, up 25% from a year earlier.
JPMorgan had the largest profit, at $52.954 billion, while Citigroup posted the fastest growth among the four, at 42%.
Goldman Sachs and Citigroup each reported profit growth of 40% over the period.
The results showed differences between the banks, with JPMorgan’s profit below analyst expectations and Citigroup’s above them.
The article said the combined figure reflected a slowdown from the previous quarter.
- Who
- JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs.
- What
- They reported combined net income of $105 billion for the first nine months of 2026, up 25% year on year.
- When
- January to September 2026; the results were reported on October 14, 2026.
- Where
- United States.
- Why
- Not stated
This story does not have two clearly opposing sides.
The four banks recorded combined net income of $105 billion, 25% higher than in the same period a year earlier.
Expansión reported the banks’ results, saying they had presented them the previous day.
- Combined net income
- $105 billion
- Year-on-year increase
- 25%
- JPMorgan Chase net income
- $52.954 billion
- Citigroup net income
- $16.861 billion
- Wells Fargo net income
- $17.611 billion
- Goldman Sachs net income
- $17.552 billion
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What people are saying
The US economy continued to be driven by strong business investment and steady consumer spending. However, large fiscal deficits, persistent inflation, elevated asset prices, rising interest rates and geopolitical conditions continue to evolve beneath the surface
We returned more than $4 billion to common shareholders, while continuing to invest in growth and preparing for an AI-driven future
economic uncertainty