Summary
JPMorgan, Goldman Sachs, and Citigroup opened earnings season with impressive results driven by investment banking and trading strength. Here’s a simple breakdown of how each bank performed and what it means for the market.
Market Movers
No market movers this week..
📚 Deep Dive 📚
📊 Bank Earnings Recap — JPM, GS & C (October 14, 2025)
Big banks kicked off earnings season — and here’s how JPMorgan, Goldman Sachs, and Citigroup scored against expectations.
🏦 JPMorgan (JPM)
Consensus Expectations
- EPS: ~$4.87
- Revenue: ~$45.57 B
Reported Results
- EPS: $5.07
- Revenue: $46.43 B
| Metric | Outcome |
|---|---|
| EPS | ✅ Beat |
| Revenue | ✅ Beat |
Drivers
- Trading strength: Equities +33%, Fixed Income +21%
- Investment banking fees up +16%
- Raised full-year net interest income guidance
Warnings
- CEO Jamie Dimon warned about inflation, trade tensions, and global risks
💼 Goldman Sachs (GS)
Consensus Expectations
- EPS: ~$11.00
Reported Results
- EPS: $12.25
| Metric | Outcome |
|---|---|
| EPS | ✅ Beat |
Strongest Area
- Investment banking exploded — advisory and underwriting fees +42%
- Trading and capital markets stayed strong
Reminder
- Goldman lives off deal flow — if mergers and IPOs slow down, so will earnings
🌍 Citigroup (C)
Consensus Expectations
- Adjusted EPS: ~$1.90
Reported Results
- Reported EPS: $1.86
- Adjusted EPS (ex-Mexico loss): $2.24
| Metric | Outcome |
|---|---|
| EPS (Reported) | ❌ Miss |
| EPS (Adjusted) | ✅ Beat |
Positives
- Trading and global deal-making helped boost overall revenue
Caution
- Citi still trails peers in profitability — investors are watching closely
🧠 Final Takeaway
- JPM leads with a clean double beat
- Goldman delivered a solid EPS win
- Citi’s earnings were messy — technically a miss on paper, but strong underneath
🚀 How Can GAR Help You?
If you’re serious about leveling up your trading/knowledge/expertise — whether you’re a beginner or already active — our GAR Capital Masterclass and Lifetime Membership give you everything you need to win with confidence:
✅ Real-time actionable alerts (options & futures)
✅ Private coaching and strategy breakdowns
✅ Weekly prep sessions and live market radio
✅ 24/7 access to our trader community and chart rooms
If you don’t just want to watch the markets — but actually capitalize on them — let’s talk.
👉 Book a quick FREE call with our team here and we’ll help you choose the path that fits you best:
➡️ Masterclass (with 1-on-1 mentorship)
➡️ Lifetime Signals + Discord Access