The third-quarter earnings season commenced on October 13, 2026, with major Wall Street banks releasing their financial results. Companies such as JPMorgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC), and Citigroup (C) reported earnings, while others like Bank of America (BAC), Morgan Stanley (MS), and BlackRock (BLK) are set to follow on October 14. Analysts are anticipating strong quarterly earnings, projecting a 29.6% growth rate for the S&P 500, according to FactSet. This would mark the third consecutive quarter of earnings growth over 25%. Additionally, significant companies, including Johnson & Johnson (JNJ), UnitedHealth (UNH), Taiwan Semiconductor Manufacturing Company (TSM), and ASML (ASML), are reporting this week.
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Domino's Pizza reported a revenue of $1.19 billion, surpassing expectations of $1.17 billion, with adjusted earnings per share of $4.60, exceeding the anticipated $4.36 per share. However, same-store sales growth in the U.S. was only 0.3%, below the predicted 0.7% and significantly less than the 1.7% growth from the same quarter last year. International sales followed suit with a 0.2% growth, compared to expectations of 1.2%. CEO Joseph Jordan noted a continuing challenging macroeconomic environment affecting consumers, leading to a stock decline of approximately 3.5% at market open.
Citi's stock rose after reporting a revenue of $23.8 billion for the third quarter, slightly exceeding analyst expectations of $23.7 billion. Earnings per share reached $2.85, surpassing the estimate of $2.65. The bank's trading unit benefited from a 6% year-over-year revenue increase, aided by solid equity and fixed income performance. CEO Jane Fraser emphasized positive results stemming from disciplined strategic execution.
Johnson & Johnson experienced a decline in stock during premarket trading due to weaker-than-expected medical device sales, despite raising its full-year earnings guidance. The company posted adjusted earnings per share of $2.59, higher than the projected $2.53, and a total revenue of $25.4 billion, slightly above estimates of $25.38 billion.
UnitedHealth Group saw a 2% rise in stock after raising its profit forecast following a strong third-quarter report. Adjusted earnings per share were reported at $4.69, up from $2.92 a year prior, compared to an estimate of $4.14. The company now anticipates adjusted profit per share of at least $20.50 for 2026, beyond previous forecasts.
Wells Fargo posted third-quarter results exceeding Wall Street expectations, as loan losses remained controlled. The bank reported a provision for credit losses of $1 billion, and net charge-offs were $983 million, both better than analyst estimates. CEO Charlie Scharf remarked on the positive performance of consumers and businesses despite economic uncertainties.
Goldman Sachs reported a 29% increase in profits year-over-year, with net earnings of $5.29 billion, or $17.01 per share, exceeding analysts’ expectations. The bank highlighted a complicated operating backdrop but remained confident in its strategic positioning.
Conversely, JPMorgan Chase reported a 6% rise in profit to $15.3 billion, or $5.57 per share, which fell short of analyst predictions of $5.90 per share. Revenue grew 8% to $50.2 billion, but CEO Jamie Dimon warned of underlying economic shifts despite robust consumer spending.