Wall Street Breakfast Banks beat the Street
7 snips
Oct 14, 2025 Big banks are showing strong results as J.P. Morgan, Goldman Sachs, and Wells Fargo surpass expectations, with JPMorgan even improving its long-term outlook. In tech, Oracle is gearing up to deploy 50,000 AMD chips for AI applications. Meanwhile, there’s an uptick in Americans applying for golden visas, driven by geopolitical factors. The discussion also highlights HSBC's top stock picks as companies like Johnson & Johnson and Domino's Pizza exceed forecasts.
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Banks Start Earnings Season Strong
- Big banks beat Q3 estimates, showing strength across business lines and higher client activity.
- JPMorgan raised NII guidance and added 2026 outlooks despite geopolitical uncertainty flagged by Jamie Dimon.
Mixed Reactions Despite Beats
- Goldman topped forecasts on investment banking and wealth management but higher-than-expected expenses pressured shares.
- Wells Fargo beat expectations in its first release after the Fed lifted its asset cap, marking a notable milestone.
Corporate Results Show Resilience
- Several corporates reported stronger-than-expected results and updated guidance, signaling resilient consumer and operational trends.
- J&J plans an orthopedics separation to focus on pharma, while Domino's and Albertsons cited franchise, digital, and membership strength.