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Q2 earnings season kicked off with the big banks swinging for the fences, and Jefferies sees four dividend-paying giants still leaving serious upside on the table despite the rate uncertainty clouding the second half of 2026.
While we are still in the opening stages of the Q2 reporting cycle, the early results strongly reinforce the robust corporate earnings trend we've been seeing, with the big banks starting off the Q2 earnings season with remarkable momentum.
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Virtually everything worked in big banks’ favor in the second quarter, but there’s no shortage of things that could go wrong.
Many of the same factors have propelled big banks’ strong performance: a solid economic backdrop with low unemployment, corporate clients’ appetite for executing big deals, and lots of trading activity.
Lenders’ results contrast with measures that show the highest credit card delinquency rates in 15 years.
Second-quarter earnings and June consumer inflation data offset continuing uncertainty about the Strait of Hormuz.
Wells Fargo & Co (WFC) reports a 25% increase in earnings per share and 9% revenue growth, while navigating expense pressures and market uncertainties.
Moby summary of Wells Fargo & Company's Q2 2026 earnings call
39% That is how much the combined earnings of five big banks jumped in the most recent quarter from a year ago, with JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Wells Fargo collectively earning more than $49 billion.
Jamie Dimon said conditions were nearly ‘as good as it gets’ after JPMorgan reported a big jump in profit.
Mike Santomassimo, the bank’s CFO, attributed the positive credit trends to the U.S. economy and consumers remaining resilient even in the face of stickier-than-expected inflation. Santomassimo attributed that sturdiness to a relatively stable jobs environment. “We are not seeing cracks,” Santomassimo said on a call with reporters.
Wells Fargo & Company (NYSE:WFC) reported stronger second-quarter 2026 results, with executives pointing to broad-based revenue growth, disciplined expenses, improved credit performance and balance sheet growth following the removal of the company’s asset cap last year. Chief Executive Officer
Big banks’ credit card data looks as good as ever. Delinquency rates for credit cards at JPMorgan Chase, Bank of America, Citigroup and Wells Fargo were largely down compared with a year ago, while spending volume was broadly up.
FEATURE The artificial-intelligence trade appeared to be reignited Tuesday as investors digested a slew of bank earnings reports ahead of the consumer-price index inflation report for June. International Business Machines sank 23% after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets.
Bank of America and Wells Fargo both cited the strength of the U.S. economy as a key driver of their second-quarter results.
Big banks so far are reporting better-than-expected results for the second quarter: Citigroup: Profit rose 45%, with revenue up 14%. Goldman Sachs: Profit jumped 78%, and revenue surged 39%. JPMorgan: Profit soared 41%, with revenue up 28% (results were boosted by a big one-time gain on its Visa stake).
Stock Market Today: The Dow Jones index dropped Tuesday ahead of the June CPI inflation report. IBM stock plunged 23% on earnings.
Wells Fargo (WFC) delivered earnings and revenue surprises of +13.30% and +3.76%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Investing.com -- Shares in Wells Fargo climbed 1.5% in premarket trading Tuesday after the bank reported second-quarter earnings that comfortably beat analyst expectations, with strength across all of its operating segments.
Wells Fargo (NYSE:WFC) shares gained 1. 5% in premarket trading on Tuesday after the banking group reported second-quarter results that comfortably exceeded Wall Street forecasts, driven by broad-based growth across its core businesses.