Daily Pulse · · 14:00 CET · 4 min read · market · JPM
In this edition
Pattern alerts
- JPM q3-2026-miss-eps-and-revenue-ficc-5-37bn WARNING
- WFC q3-2026-revenue-miss-nii-12-52bn WARNING
- UNH q3-2026-beat-and-raise-mcr-88-4 BULLISH
The first big day of the earnings season brought a clear split. The largest banks to report so far earned more than a year ago and still disappointed: JPMorgan missed on profit and revenue, Wells Fargo on revenue, and both traded about 2% lower before the open. The two health-care names did the opposite — UnitedHealth and Johnson & Johnson beat and raised their outlooks. Goldman Sachs and Citigroup report later this morning.
The scoreboard so far
Table as text
| Company | EPS: actual vs expected | Revenue: actual vs expected | Outlook | Before the open |
|---|---|---|---|---|
| UnitedHealth | $4.69 vs $4.14 | $112.69bn vs $111.3bn | Raised to at least $20.50 | about +3% |
| Johnson & Johnson | $2.59 vs $2.51–2.54 | $25.4bn vs $25.28bn | Raised (EPS $11.10 midpoint) | — |
| JPMorgan | $5.57 ($5.75 ex items) vs $5.90–5.93 | $50.91bn vs $51.22bn | — | about −2% |
| Wells Fargo | $1.87 vs $1.85 | $21.87bn vs $22.31bn | — | about −1% to −2% |
Adjusted EPS where the company reports one; expectations are the consensus quoted at the release (CNBC, Reuters, Investing.com, LSEG, company filings) and differ slightly by source. Pre-market moves as reported.
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