- Five major US bank stocks face a key test next week as third-quarter earnings arrive amid rising Treasury yields, questions about lending growth and expectations for stronger investment banking and trading revenue.
JPMorgan Chase & Co. (NYSE: JPM), The Goldman Sachs Group Inc. (NYSE: GS), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC) and Bank of America Corp. (NYSE: BAC) are among the bank stocks investors will watch as the third-quarter earnings season accelerates.
According to Wealthier Today's report, JPMorgan, Goldman Sachs, Citigroup and Wells Fargo are scheduled to report on Tuesday, October 13. Bank of America and Morgan Stanley (NYSE: MS) will follow on Wednesday, October 14.
Analysts expect third-quarter earnings at the largest US banks to rise by as much as 20% from a year earlier, supported by investment banking and trading revenue. However, bank shares have struggled as Treasury yields have climbed. The KBW Bank Index was down 13% from its August peak and 6% for the third quarter.
Investors will be looking for evidence that capital-markets activity remains resilient without a deterioration in consumer credit, loan demand or funding costs. The latest move in Treasury yields and the bond market adds another variable for financial stocks heading into the results.
5 Bank Stocks to Watch During Earnings Week
1. JPMorgan Chase (NYSE: JPM)
JPMorgan will be one of the first major banks to report, with results expected before the market opens on October 13. The bank's official investor relations calendar lists its third-quarter earnings call for 8:30 a.m. ET.
Investors will focus on investment banking fees, trading revenue, net interest income and management's assessment of loan growth and credit quality. JPMorgan has indicated that investment banking fees and markets revenue could increase by a mid-to-high-teens percentage, according to Reuters' October 8 report.
The results will help investors assess whether capital-markets activity can offset pressure from higher funding costs and changes in lending conditions.
2. Goldman Sachs (NYSE: GS)
Goldman Sachs also reports on October 13. Its quarterly earnings calendar confirms the scheduled announcement. The investment bank's performance will depend heavily on trading and dealmaking. Goldman CEO David Solomon has indicated that fixed-income, currencies and commodities trading could be softer than a strong equities business, according to Reuters.
Investors will assess whether equity trading strength can offset any weakness in other markets businesses. Deal announcements, underwriting activity and the outlook for mergers and acquisitions will also be important indicators for the bank.
3. Citigroup (NYSE: C)
Citigroup is scheduled to release third-quarter results on October 13, according to its official investor relations page. Investors will be watching revenue growth, expenses, capital returns and progress toward the bank's profitability targets. Citi Chief Financial Officer Gonzalo Luchetti said the bank expected return on tangible common equity to finish slightly above its 11% target for 2026 and planned to increase stock buybacks, Reuters reported on October 8.
The earnings report should provide further information on whether Citi can maintain that outlook while managing costs and navigating changing market conditions.
4. Wells Fargo (NYSE: WFC)
Wells Fargo is also due to report on October 13. The bank's official earnings calendar lists the third-quarter release for that day. Loan growth, net interest income and expenses will be key areas of attention. Reuters reported that Wells Fargo expected better loan growth, making its commentary on lending demand particularly relevant as borrowing costs rise.
Investors will also watch for signs that the bank can expand its lending business while maintaining credit quality and managing deposit costs.
5. Bank of America (NYSE: BAC)
Bank of America is scheduled to report on October 14, according to its official investor relations website. The bank's large consumer and commercial banking operations make net interest income, deposit costs and loan demand important indicators.
Its investment banking business will also be in focus after management indicated in September that third-quarter investment banking fees could decline by at least 10% year over year. Investors will look for updates on whether weakness in investment banking fees is offset by performance in consumer banking, lending and markets-related businesses.
Treasury Yields and Inflation Could Shape the Market Reaction
Bank earnings will arrive alongside a key economic release. The September Consumer Price Index report is scheduled for Wednesday, October 14, according to Reuters' October 9 market preview. The report could influence expectations for Federal Reserve policy ahead of the central bank's meeting later in October.
Reuters reported that economists surveyed by the news agency expected headline inflation to rise 3.6% year over year, while core inflation was forecast to increase 2.5%. The figures will help investors assess whether inflation remains persistent enough to keep interest rates elevated.
Higher rates can support banks' interest income in some circumstances, but the effect depends on how quickly asset yields and deposit costs adjust. Rising borrowing costs can also weigh on loan demand, increase pressure on some borrowers and make financing transactions less attractive.
Investors will therefore be watching more than headline earnings per share. Updates on credit losses, deposit pricing, capital-market activity and management's full-year outlook could determine whether strong quarterly results translate into sustained gains for bank stocks.
The broader market backdrop adds to the stakes. The S&P 500 reached a record closing high earlier in the week, even as bank stocks lagged. Investors following the latest US stock market outlook will be assessing whether earnings can support equity valuations as yields remain elevated.
For the five stocks on this list, the key question is whether revenue growth can hold up against funding costs, expenses and economic uncertainty. Results that beat expectations may not be enough on their own; investors will also need confidence in the banks' outlook for the final quarter of 2026.