Goldman Sachs, Morgan Stanley report earnings momentum this week
Summary
Goldman Sachs and Morgan Stanley are among the major U.S. financial institutions reporting third-quarter earnings this week, with analysts significantly raising their profit forecasts for both firms. Goldman Sachs has seen its consensus EPS estimate increase more than 300% over the past three months, bolstered by actions such as completing SpaceX's IPO and emerging as a potential bidder for Palmer Square Capital Management, which manages approximately $37 billion in assets. Meanwhile, Morgan Stanley's EPS estimate has jumped 144% in the same timeframe, driven by strong performance in equities trading and wealth management. Overall, this week marks the kickoff of the earnings season for 25 S&P 500 companies, with broader optimism among Wall Street analysts regarding earnings potential across leading financial institutions.
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- https://www.benzinga.com/markets/options/26/10/62310288/jpmorgan-chase-could-swing-28-billion-after-earnings
- https://www.scmp.com/topics/morgan-stanley
- https://www.marketwatch.com/story/heres-why-goldman-sachs-just-flipped-bullish-on-stocks-for-the-rest-of-the-year-dfa3b0af
- https://www.thewealthadvisor.com/article/wall-streets-biggest-banks-face-earnings-test-after-losing-270-billion
- https://mercury.bloomberg.com/news/T8WP1OT96OSH
- https://www.spreadex.com/financials/news-analysis/financial-trading-blog/12-10-2026-2/
- https://finance.yahoo.com/markets/stocks/articles/goldman-sachs-gs-report-earnings-033248826.html
- https://www.marketbeat.com/instant-alerts/estimates-fy2027-eps-estimate-for-morgan-stanley-boosted-by-analyst-2026-10-12/
- https://www.investors.com/news/jpmorgan-chase-goldman-sachs-earnings-wells-fargo-citigroup/
- https://markets.businessinsider.com/news/stocks/five-big-banks-two-days-one-question-can-record-trading-offset-the-pressure-from-rising-yields-1036616315
- https://www.reuters.com/business/goldman-upgrades-global-equities-earnings-optimism-2026-10-12/?outputType=chromeless
- https://finance.yahoo.com/markets/stocks/articles/why-morgan-stanley-ms-back-091036800.html
- https://www.reuters.com/company/morgan-stanley/
- https://finance.yahoo.com/markets/stocks/articles/goldman-turns-more-bullish-equities-105923015.html
- https://www.bloomberg.com/news/articles/2026-10-12/goldman-strategists-upgrade-global-stocks-on-earnings-boost