Q3 25 US Bank Earnings: By The Numbers

JPMorgan Chase (JPM, 12pm BST/7am ET, 14 October)

JPMorgan kick off bank earnings season, trading around 29% higher YTD, vastly outperforming both the financials sector, and the S&P 500 at large. JPM remain an index heavyweight, not only being the 11th largest stock in the S&P 500, but also the 9th largest weighted stock in the Dow. Options tied to the stock price a move of +/-3.70% in the 24 hours following the upcoming report, with JPM having gained ground in the aftermath of three of the last four quarterly updates. This time out, consensus expects adjusted EPS of $4.81 on net revenues of $45.5bln.

Wells Fargo (WFC, 12pm BST/7am ET, 14 October)

Wells Fargo has traded in somewhat subpar fashion in recent months, after the initial euphoria of the Fed’s asset cap being lifted begun to fade, resulting in WFC coming into earnings season with a gain of around 15% YTD, broadly in line with that chalked up by the benchmark S&P 500, though the bank remains the 33rd biggest stock by weight in the index. Derivatives tied to the stock, to 1 standard deviation of confidence, price a move of +/-4.1% following the upcoming report, with the stock having ended earnings day in the red in the aftermath of the last two updates. For Q3 25, the street foresees adjusted EPS at $1.55, on quarterly revenues of $21.2bln.

Goldman Sachs (GS, 12:30pm BST/7:30am ET, 14 October)

Goldman has been something of a market darling this year, adding a chunky 40% YTD, outperforming the financials sector to the tune of almost 4x. In terms of index weightings, while making up just 0.4% of the S&P 500, the squid stands as the largest single stock in the price-weighted Dow, accounting for a whopping 10.5% of the index (for context, that’s just 3% shy of the weight that Nvidia has in the Nasdaq 100). In any case, options on GS stock imply a move of +/-4.0% over the upcoming release, with the shares having enjoyed a post-earnings rally in every quarter, bar one, since Q4 23. For the upcoming print, consensus expects adjusted EPS at $10.90, on net revenue just over $14bln.

Citigroup (C, 1pm BST/8am ET, 14 October)

Citi has also traded well in 2025, having also gained around 40% since the turn of the year, again vastly outperforming the benchmark S&P 500, and the financials sector. From a weightings perspective, Citi stands as the 59th largest stock in the S&P, accounting for a modest 0.3% of the benchmark. For the upcoming release, options tied to the stock price a move of +/-4%, with C having ended earnings day in the green following the last three quarterly reports in a row. In Q3 25, consensus expects adjusted EPS at $1.89, on net revenues of $21bln.

Bank of America (BAC, 11:45am BST/6:45am ET, 15 October)

In contrast to peers where trading revenues have made-up for lacklustre retail performance, Bank of America has lagged the pack this year, trading around 15% higher in 2025, mirroring to some extent the underperformance of its other retail-focused counterpart Wells Fargo. Still, despite that rather unimpressive performance, BofA remains comfortably within the largest 25 stocks in the benchmark S&P 500. For the upcoming earnings release, options tied to the stock price a move of +/-3.6%, though recent post-results performance has been somewhat mixed with 2 gains and 2 losses following the last four earnings releases. This time out, consensus expects adjusted EPS at $0.94, on revenues of $24.5bln.

Morgan Stanley (MS, 12:30pm BST/7:30am ET, 15 October)

Morgan Stanley has advanced around 26% this year, also comfortably outperforming financials, as well as the broader S&P 500. From a weightings perspective, the stock still stands as the 35th largest in that benchmark, with a weight of around 0.4%. Derivatives tied to MS stock price a move of +/-3.75% over the upcoming release, with the Q2 25 report marking the first post-earnings sell-off in MS stock since the tail end of 2023. For the upcoming print, consensus expects adjusted EPS at $2.08, on revenues of $16.5bln.

Note – all figures in this article are correct as of 7th October 2025; past performance is not a reliable indicator of future results