Last updated: October 12, 2026
Third-quarter bank earnings season opens in earnest this week, with 12 S&P 100 companies reporting — more than half of them financials. JPMorgan Chase, Goldman Sachs, Citigroup, Wells Fargo, Johnson & Johnson, Abbott Laboratories and UnitedHealth Group all report Tuesday before the opening bell, Bank of America, BlackRock and Morgan Stanley follow Wednesday, and Charles Schwab and U.S. Bancorp close out the week Thursday. The results land against a backdrop of a 10-year Treasury yield at 5.24% — its highest level since 2002 — which has pressured bank stocks even as the broader market sits near record highs.
A Packed Week for Financials
12 S&P 100 companies report this week — seven of them Tuesday alone — as banks navigate record trading revenue against the highest long-term borrowing costs in nearly 25 years.
Tuesday: Four Money-Center Banks, Plus Healthcare
JPMorgan Chase kicks things off before the bell, with analysts expecting EPS of $5.93 (up 17% year over year) on revenue of about $51.2 billion — see our full JPMorgan earnings preview. Goldman Sachs reports the same morning; the bank has beaten EPS estimates in each of its last four quarters and enters the print with a Street consensus price target above $1,150 — see our Goldman Sachs earnings preview. Wells Fargo and Citigroup round out the big-bank quartet, while Johnson & Johnson, Abbott Laboratories and UnitedHealth Group report the same morning outside of financials — making Tuesday the single busiest day of the week for S&P 100 earnings.
Wednesday and Thursday: More Banks, Plus the CPI Wildcard
Bank of America, BlackRock and Morgan Stanley report Wednesday before the open, the same morning the Bureau of Labor Statistics releases the September Consumer Price Index at 8:30 a.m. ET — a report that could move both bank stocks and the broader market depending on whether it reinforces or challenges the recent run-up in long-term yields. Charles Schwab and U.S. Bancorp close out the week’s S&P 100 reporters on Thursday. Across the week, the top analyst themes are consistent: net interest income trends against higher deposit costs, credit quality in consumer and commercial lending, and whether capital-markets and trading revenue — which drove blockbuster results across the sector last quarter — can hold its pace into the fall.
The Yield Backdrop
Every bank reporting this week is doing so against the same macro pressure: a 10-year Treasury yield at 5.24%, its highest level since 2002, and a 30-year yield that hit its own 24-year high earlier this month. Higher yields can squeeze the value of banks’ fixed-rate bond holdings and push depositors toward higher-yielding alternatives, but they can also support lending margins over time — which is why management commentary on net interest income guidance will matter as much as the headline EPS and revenue beats this week. The KBW Nasdaq Bank Index has fallen 9.7% over the past month even as the S&P 500 gained 1.5%, underscoring how much skepticism the sector is carrying into this week’s reports.
Why It Matters
Bank earnings are traditionally one of the clearest early reads on the health of the broader economy — consumer spending, credit quality, and corporate dealmaking all show up first in these results. A strong week would support the case that the economy is absorbing higher long-term rates well; a weak one, paired with Wednesday’s CPI print, could reignite the kind of valuation anxiety that’s been circulating on Wall Street after last week’s AI-trade selloff. Either way, with trading desks and dealmaking fees having driven much of the sector’s results over the past year, this week’s numbers will also shape the read-through for capital markets activity heading into year-end.
Related Coverage on FactSheets.com
- JPMorgan Chase (JPM) Earnings Preview: What to Expect From Tuesday’s Q3 Report
- Goldman Sachs (GS) Earnings Preview: What to Expect From Tuesday’s Q3 Report
- Stocks Near Records as 30-Year Treasury Yield Hits a 24-Year High
- PepsiCo (PEP) Earnings Recap: Q3 2026 Results
- JPM (JPMorgan Chase) Stock Fact Sheet
- GS (Goldman Sachs) Stock Fact Sheet
- Stock Fact Sheets Hub — full lineup of company fact sheets
- Earnings coverage — our full earnings calendar and recaps
For informational purposes only. Not investment advice. Analyst estimates, price targets, and market figures are as of the date noted above and are subject to change; always do your own research or consult a licensed financial advisor before making investment decisions.
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