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Goldman Sachs Q3 FY2026 earnings beat forecasts, shares jump

By Drooid · Oct 13, 2026, 10:15 PM UTC · How we work

Summary

Goldman Sachs Beats Forecasts

Goldman Sachs reported third-quarter FY2026 earnings that beat revenue and profit forecasts.
Net revenue rose 23% year-over-year to $18.68 billion, topping the $16.83 billion consensus.
Equities revenue jumped 72% to $6.44 billion, offsetting a 1% decline in FICC revenue to $3.47 billion.
Shares opened over 3% higher at $924, staying above the $900 threshold after the release.

Summary

JPMorgan Misses Earnings

JPMorgan reported its first quarterly earnings miss since Q4 2023, adding uncertainty to the Dow-weighted DIA fund.
DIA’s holdings are 26.31% financials, including Goldman Sachs at 10.23% and JPMorgan at 3.84%.
A 5% price swing in Goldman Sachs would raise DIA’s return by roughly 0.51%.
The Dow turned negative on earnings day as KBW Bank Index fell 13% from its peak and 6% in Q3.

History

Historical Context

Lehman Brothers filed for Chapter 11 on September 15 2008, the biggest U.S. bankruptcy with over $600 billion in assets, triggering a 504-point (4.4%) plunge in the Dow and prompting JPMorgan Chase to supply $138 billion in Fed-backed advances and the Fed to grant AIG an $85 billion rescue. The collapse amplified the 2007-08 subprime mortgage crisis and led to the $700 billion TARP bailout that reshaped banking regulation.

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Goldman Sachs Beats Forecasts

Goldman Sachs reported third-quarter FY2026 earnings that beat revenue and profit forecasts.
Net revenue rose 23% year-over-year to $18.68 billion, topping the $16.83 billion consensus.
Equities revenue jumped 72% to $6.44 billion, offsetting a 1% decline in FICC revenue to $3.47 billion.
Shares opened over 3% higher at $924, staying above the $900 threshold after the release.

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