Daily brief: Tuesday, 13 October 2026

US bank earnings dominated the day: Goldman Sachs earned $17.01 a share on revenue up 23%, Citigroup earned $5.2B, and JPMorgan earned $15.3B but reportedly landed a little short of forecasts. Johnson & Johnson raised its 2026 EPS outlook, and there are reports of Amazon talks to buy Decart and Apple trimming iPhone 18 Pro component orders.

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Goldman Sachs (GS): Q3 EPS jumps 39% to $17.01 as revenue climbs 23%

Goldman Sachs earned $17.01 a share in Q3, up from $12.25 a year ago, on net revenue of $18.68B, up 23%. Global Banking & Markets revenue rose 32%…

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JPMorgan Chase (JPM): Q3 profit rises to $15.3B but lands short of estimates. JPMorgan earned $15.3B, or $5.57 a share, in Q3, up from $5.07 a year ago. Trading revenue rose 15% and investment banking fees 14%. Reports say EPS…
Citigroup (C): Q3 profit jumps 40% to $5.2B as revenue rises 8%. Citigroup earned $5.2B, or $2.85 a share, in Q3, up from $1.86 a year ago, on revenue of $23.8B (+8%). Services revenue rose 15% and Wealth 15%…
Johnson & Johnson (JNJ): Raises 2026 EPS outlook as Q3 sales rise 5.9%. J&J raised its 2026 adjusted EPS outlook to $11.05-$11.15 as Q3 sales rose 5.9% to $25.4B, led by Innovative Medicine (+7.7%). Adjusted EPS of $2.59…
Amazon (AMZN): Reportedly in talks to buy AI software startup Decart for about $7B. WSJ reports Amazon is in talks to buy Decart, an AI software startup, for around $7B, versus a ~$4B valuation in May. Decart's tools help AI run…
Apple (AAPL): Reportedly trims iPhone 18 Pro component orders by 15%+. Nikkei Asia reports Apple cut October component orders for the iPhone 18 Pro and Pro Max by at least 15%, citing higher memory costs and a $100 price…

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