Saudi coalition strikes Sanaa oil sites as Houthis target Riyadh and Aramco Attacks on Hormuz shipping reach worst level of the war Kyiv reports no allied warning of missile strike as Russia hits Kharkiv Bulgaria summons Russian envoy after drones sink cargo ship, 11 sailors missing IMF holds 2026 growth at 3.1% but warns resilience is under strain Chip stocks slide on AI spending doubts and Chinese memory claim Netanyahu and Trump reportedly discussed renewed Iran strikes before elections Hurricane Simon and Tropical Storm Rachel kill at least five on Mexico's Pacific coast Trump's Russian diesel deal draws criticism from senators and Europe Congo's Ebola outbreak passes 9,000 cases, the country's deadliest French supermarket fridge hack spreads to more refrigeration makers MI5 chief says Iran now targets UK military sites, confirms Russian Brexit meddling Bond-market stress deepens as France opens 2027 budget debate European gas price hits highest since 2022 as storage runs low Kabila to head new rebel front including M23 in eastern DR Congo Mauritius closes schools and imposes curfew after unrest over police shooting Ethiopian forces reach Eritrean border as Tigrayan rebels retreat Indian police detain 'Cockroach' protest leaders again over election chief's role Indonesian wildfire razes nearly 300 homes as haze blankets Singapore and Malaysia Anthropic warns AI models may soon self-replicate without a data centre French school protests swell as 480,000 march and Thunberg joins Germany detains fourth suspect over Starlink station fire in Poland France seizes second Russian 'shadow fleet' tanker; Moscow calls it piracy Pakistan cracks down on Imran Khan backers after federal takeover of Khyber Pakhtunkhwa Floods swamp Libya's capital Tripoli, including hospital China approves Visa to prepare domestic card clearing business Hungary scraps Orban-era LGBT restrictions as EU releases €4.2bn North Korea tests upgraded ballistic missile component as Trump floats meeting with Kim US and Europe reportedly draft four-point Ukraine plan Google launches Gemini 4 Argon as Meta releases Muse Wonder Israeli forces raid Palestinian NGOs and hospital in occupied West Bank Pope Leo XIV undergoes lung nodule surgery in Rome BMW deliveries fall 6.3% as China sales slump OPEC lowers 2026 oil demand growth forecast again as Brent holds near $106 China sentences three Myanmar-based Wei family crime group members to death More than 100 foreign trekkers stranded by floods in Nepal's Gorkha region White House asks US ambassador to Greece Kimberly Guilfoyle to resign Spain's king affirms sovereignty over Ceuta on first royal visit amid friction with Morocco Russia detains Japanese journalist on suspicion of espionage Rupee rebounds as India tightens currency measures Trump targets Ilhan Omar at rally after raid on her home Panama quake affects more than 6,000 people Goldman Sachs beats estimates as JPMorgan is dented by rates Andersson fails again to form Swedish government Character.ai files for bankruptcy and agrees asset sale to Disney Iguazu Falls closed and walkway dismantled amid record water levels Gaza marks a year of ceasefire with continued Israeli attacks Saudi coalition strikes Sanaa oil sites as Houthis target Riyadh and Aramco Attacks on Hormuz shipping reach worst level of the war Kyiv reports no allied warning of missile strike as Russia hits Kharkiv Bulgaria summons Russian envoy after drones sink cargo ship, 11 sailors missing IMF holds 2026 growth at 3.1% but warns resilience is under strain Chip stocks slide on AI spending doubts and Chinese memory claim Netanyahu and Trump reportedly discussed renewed Iran strikes before elections Hurricane Simon and Tropical Storm Rachel kill at least five on Mexico's Pacific coast Trump's Russian diesel deal draws criticism from senators and Europe Congo's Ebola outbreak passes 9,000 cases, the country's deadliest French supermarket fridge hack spreads to more refrigeration makers MI5 chief says Iran now targets UK military sites, confirms Russian Brexit meddling Bond-market stress deepens as France opens 2027 budget debate European gas price hits highest since 2022 as storage runs low Kabila to head new rebel front including M23 in eastern DR Congo Mauritius closes schools and imposes curfew after unrest over police shooting Ethiopian forces reach Eritrean border as Tigrayan rebels retreat Indian police detain 'Cockroach' protest leaders again over election chief's role Indonesian wildfire razes nearly 300 homes as haze blankets Singapore and Malaysia Anthropic warns AI models may soon self-replicate without a data centre French school protests swell as 480,000 march and Thunberg joins Germany detains fourth suspect over Starlink station fire in Poland France seizes second Russian 'shadow fleet' tanker; Moscow calls it piracy Pakistan cracks down on Imran Khan backers after federal takeover of Khyber Pakhtunkhwa Floods swamp Libya's capital Tripoli, including hospital China approves Visa to prepare domestic card clearing business Hungary scraps Orban-era LGBT restrictions as EU releases €4.2bn North Korea tests upgraded ballistic missile component as Trump floats meeting with Kim US and Europe reportedly draft four-point Ukraine plan Google launches Gemini 4 Argon as Meta releases Muse Wonder Israeli forces raid Palestinian NGOs and hospital in occupied West Bank Pope Leo XIV undergoes lung nodule surgery in Rome BMW deliveries fall 6.3% as China sales slump OPEC lowers 2026 oil demand growth forecast again as Brent holds near $106 China sentences three Myanmar-based Wei family crime group members to death More than 100 foreign trekkers stranded by floods in Nepal's Gorkha region White House asks US ambassador to Greece Kimberly Guilfoyle to resign Spain's king affirms sovereignty over Ceuta on first royal visit amid friction with Morocco Russia detains Japanese journalist on suspicion of espionage Rupee rebounds as India tightens currency measures Trump targets Ilhan Omar at rally after raid on her home Panama quake affects more than 6,000 people Goldman Sachs beats estimates as JPMorgan is dented by rates Andersson fails again to form Swedish government Character.ai files for bankruptcy and agrees asset sale to Disney Iguazu Falls closed and walkway dismantled amid record water levels Gaza marks a year of ceasefire with continued Israeli attacks

Narrative thread · 1 event

US bank earnings

Where things stand

Goldman Sachs beat quarterly profit estimates on strong equities trading, while JPMorgan's results were weaker and its shares slipped. Reuters points to slowing investment banking momentum, the New York Times to higher interest rates.

Each quarter, the large US banks report earnings that serve as a gauge of the economy, trading and dealmaking activity, and the effect of interest rates on lending. Investors compare results from Goldman Sachs, JPMorgan and their peers against analyst estimates.

Timeline in detail

Wednesday, 14 October 2026Economy

Goldman Sachs beats estimates as JPMorgan is dented by rates

Goldman Sachs beat quarterly profit estimates on equities strength, Reuters reports. JPMorgan's results were weaker, with the New York Times citing higher interest rates and Reuters a slowdown in investment banking momentum, and its shares slipped.