The results: JPMorgan, Wells Fargo, Citibank, Bank of America, and Goldman Sachs beat Q3 2024 earnings estimates despite all but Goldman Sachs reporting a drop in profits since 2023.
How we got here: As they did last quarter, big banks’ earnings show the economic environment remains challenging. As a result, analysts had expected mixed earnings, per The Financial Times. And they were right.
Here’s what happened: