
Bank Stocks Rally as JPMorgan, Wells Fargo, Citi, and Goldman Sachs Deliver Blowout Q3 Earnings

Wall Street banks reported strong Q3 earnings, exceeding expectations in both revenue and earnings. On October 14, bank stocks rose, with Wells Fargo up 2.84% to $81.16, Citigroup up 0.44% to $96.52, and JPMorgan Chase slightly up 0.02% to $308.03. However, Goldman Sachs fell over 2%. Key earnings included Wells Fargo at $1.66 EPS (estimate $1.55) and $21.43B revenue (estimate $21.14B), Citigroup at $2.24 EPS (estimate $1.75) and $22.09B revenue (estimate $21.05B), JPMorgan Chase at $5.07 EPS (estimate $4.84) and $46.43B revenue (estimate $45.25B), and Goldman Sachs at $12.25 EPS (estimate $11.02) and $15.18B revenue (estimate $14.13B).
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