Stock Movers Big Banks Report; GM 8-K; Domino's Reports
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Oct 14, 2025 JPMorgan reports mixed earnings with an upbeat guidance on net interest income but shows higher credit loss provisions. Wells Fargo raises its profitability target after the Fed lifts its asset cap, though it just misses net interest income estimates. General Motors faces challenges, announcing a $1.6 billion charge due to shifts in EV production plans. Meanwhile, Domino's shines with impressive quarterly results, driven by popular promotions and their famous stuffed crust pizza.
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JPMorgan Beats But Credit Concerns Linger
- JPMorgan beat trading and investment banking estimates but booked higher-than-expected credit loss provisions.
- Markets are weighing stronger revenue beats against rising provisions and cautious commentary on economic uncertainty.
Wells Fargo Raises Profitability Targets
- Wells Fargo raised its return on tangible common equity target after the Fed removed its asset cap.
- The stock reacted positively despite slightly light net interest income, helped by lighter loan-loss provisions and strong deal-making revenue.
GM Takes Big Charge On EV Pivot
- General Motors will take a $1.6 billion charge as it realigns EV plans amid slower adoption and reduced incentives.
- The move highlights challenges for U.S. automakers from uneven EV demand and shifting policy support.