Bank earnings scorecard: winners and misses across two days of results

Investing.com reports on the second batch of bank earnings on Oct 14, 2026, revealing a mixed results day. The previous day, Oct 13, the banks were split between winners and losers, based on actual/estimate figures, though the original source provided no clear labels for these categories.

Goldman Sachs led the day with record advisory fees of $1.654 billion, which bolstered its earnings (see Oct 13 report). However, JPMorgan Chase's Chief Financial Officer (CFO) stated that dealmaking had slowed down in late September, with more deals delayed than canceled (Read more, Oct 13, 2026).

Bank of America (BofA) shares opened at $51.55 in pre-market trading, significantly below its 52-week high of $65.22. The article attributes BofA's pressure to a regulatory penalty that reduced quarterly profits (see Oct 14 report).

Macroeconomic factors add to the bearish outlook. New York Fed President William Williams hinted that another rate hike might be necessary this year, along with the upcoming release of September CPI data.

The article suggests a potential bullish scenario: M&A deals were delayed rather than canceled, which could boost fourth-quarter advisory fees for banks. The piece was produced with AI assistance and reviewed by an editor.