Big Bank Earnings Season: Goldman Sachs, JPMorgan Chase Lead Q3 Profit Surge
The Q3 earnings season begins with major banks including Goldman Sachs and JPMorgan Chase reporting results. Analysts expect S&P 500 earnings growth of 8%, marking the ninth straight quarter of profit expansion amid trade tensions.
The earnings season kicks off this week with major financial institutions including Goldman Sachs, JPMorgan Chase, and Bank of America leading the charge. According to FactSet’s John Butters, analysts project S&P 500 earnings grew by 8% year-over-year in the third quarter, potentially marking the ninth consecutive quarter of profit growth. These results gain additional significance as U.S.-China trade tensions escalate following President Trump’s threat of additional tariffs.