{
  "id": 14639148,
  "title": "Wall Street’s earnings split: Goldman’s $18.7 billion blowout quarter—and why JPMorgan and BofA fell short",
  "url": "https://urgent.news/2026/10/15/wall-streets-earnings-split-goldmans-18-7-billion-blowout-quarter-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T07:00:00.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/15/what-jpmorgan-and-bofas-earnings-miss-and-goldmans-tk-blowout-quarter-say-about-the-state-of-the-economy/"
  },
  "original_language": "en",
  "account": "This week on Wall Street, the quarterly earnings of banks were varied, with some experiencing blowouts and others missing expectations. Goldman Sachs reported its second-highest quarterly net revenue ever at $18.68 billion, with earnings per share of $17.01, far exceeding analysts' estimates. Meanwhile, JPMorgan Chase and Bank of America fell short of their projections, with JPMorgan's net revenue falling short by $51.22 billion and Bank of America's profit dropping by 17%. JPMorgan's earnings were influenced by a slump in fixed-income trading and higher expenses, while Bank of America's results were marred by a $1.2 billion penalty from regulators. Despite these setbacks, Citi CEO Jane Fraser and Wells Fargo CEO Charlie Scharf maintained an optimistic outlook, pointing to a resilient U.S. consumer despite higher rates and persistent inflation. Analysts, however, remain cautious, questioning whether the consumer's spending will continue to hold up as banks have suggested.",
  "summary": "JPMorgan announced its first earnings miss in almost three years, while Goldman delivered its second-highest quarterly net revenue ever. A $1.2 billion regulatory penalty weighed on Bank of America's already lackluster quarter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Cointelegraph",
        "title": "Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July",
        "url": "https://urgent.news/2026/10/15/bitcoin-miners-plunge-up-to-13-in-wall-streets-worst-selloff-since",
        "published": "2026-10-15T03:29:22.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}