Wall Street’s earnings split: Goldman’s $18.7 billion blowout quarter—and why JPMorgan and BofA fell short

What happened: Big Wall Street banks reported mixed third-quarter earnings. Goldman Sachs beat expectations, while JPMorgan Chase and Bank of America missed on profit and revenue, and Wells Fargo missed on revenue. Key numbers: Goldman net revenue $18.68 billion, EPS $17.01. JPMorgan net revenue $50.17 billion, EPS $5.57. Why it matters: JPMorgan missed on both profit and revenue for the first time in nearly three years, and Bank of America ended a six-quarter beat streak. Analysts flagged credit outlook concerns if rates keep rising, even as bank CEOs said the consumer remains resilient. Coverage: 3 outlets in 24h

Big Wall Street banks reported mixed third-quarter earnings. Goldman Sachs beat expectations, while JPMorgan Chase and Bank of America missed on profit and revenue, and Wells Fargo missed on revenue.

JPMorgan missed on both profit and revenue for the first time in nearly three years, and Bank of America ended a six-quarter beat streak. Analysts flagged credit outlook concerns if rates keep rising, even as bank CEOs said the consumer remains resilient.