AfternsAfterns
Earnings brief

US stock earnings,
the key summary

Earnings results, key call takeaways, the stock reaction, and what it means.

This week
10/wk334
10/wk26
10/wk113
9/wk48
9/wk31
9/wk216
9/wk130
8/wk440
8/wk321
8/wk269
8/wk1453
7/wk5392
7/wk4155
Summary

34 companies reported in 10/12–10/16, and 29 beat consensus.

Fri 10/16 · 5

The Travelers Companies Inc.
TRV · Pre-market
day-after+1.5%
beat avg +2.3%
EPS
$9.18+23.5%
vs est $7.43
Revenue
$12.4B0%
vs LY $12.5B
Strong underwriting performance and record investment income
Positives
  • ▲Resilient Underwriting Profitability
  • ▲Record Investment Income Growth
  • ▲Capital Return and Efficiency
Concerns
  • ▼Increased Unrealized Investment Losses
  • ▼Higher Expense Ratio Outlook
  • ▼Property Segment Contraction
“For the quarter, we earned core income of $1.95 billion, or $9.18 per diluted share, generating core return on equity of 22.1%.”
· Alan Schnitzer, CEO
Truist Financial Corporation
TFC · Pre-market
day-after+1.1%
miss avg +0.0%
EPS
$0.56-53.8%
vs est $1.21
Revenue
$5.3B
Financial restructuring through non-core asset divestitures and strategic business realignment
Positives
  • ▲Solid growth in adjusted EPS
  • ▲Consistent growth in client deposits
  • ▲Improved asset quality and risk profile
Concerns
  • ▼Revenue decline from non-core divestitures
  • ▼Slowdown in investment banking revenue
  • ▼Management turnover and organizational risk
“We grew earnings per share 12% year-on-year, excluding the impact of the previously announced RAC sale and the associated capital neutral AFS repositioning that we completed during the quarter.”
· Mike Lyons, CEO
M&T Bank Corporation
MTB · Pre-market
day-after-1.5%
beat avg -0.2%
EPS
$5.04+2.4%
vs est $4.92
Revenue
$2.5B+500%
vs LY $423M
Solid loan growth and optimized deposit-based funding
Positives
  • ▲Consistent loan growth
  • ▲Optimized funding via deposits
  • ▲Stable asset quality
Concerns
  • ▼NIM compression and lower earnings
  • ▼Rising expenses and efficiency
  • ▼Increase in criticized and nonaccrual loans
“Taxable equivalent NII was $1.8 billion, largely unchanged from the linked quarter, as the benefits from one additional day earning asset growth and fixed asset repricing were muted by lower non-accrual interest and higher funding costs.”
· Daryl Bible (CFO)
Citizens Financial Group Inc.
CFG · Pre-market
day-after-0.1%
beat avg +1.9%
EPS
$1.41+1.7%
vs est $1.39
Revenue
$2.3B+414%
vs LY $452M
Solid earnings growth driven by NIM expansion and strong operating leverage
Positives
  • ▲Continued NIM Expansion
  • ▲Strong Operating Leverage
  • ▲Growth in Private Bank
Concerns
  • ▼Decline in Mortgage Banking Fees
  • ▼Volatility in Capital Markets Fees
  • ▼Reduction in Commercial Real Estate Loans
“EPS growth was 8.5% sequential quarter, 34% year-on-year, and ROTCE improved to 15.1%.”
· Bruce Van Saun, CEO
Regions Financial Corporation
RF · Pre-market
day-after+0.5%
beat avg +0.9%
EPS
$0.73+10.5%
vs est $0.66
Revenue
$2.0B
Solid performance driven by NIM expansion and record fee-based revenue
Positives
  • ▲NIM and Net Interest Income Growth
  • ▲Record Performance in Fee-based Businesses
  • ▲Continued Improvement in Asset Quality
Concerns
  • ▼Modest Decline in Deposit Balances
  • ▼Softness in Residential Mortgage Lending
  • ▼Pressure on Capital Ratios
“We delivered adjusted pre-tax, pre-provision income of $870 million and an adjusted return on tangible common equity of 22%.”
· John Turner

Thu 10/15 · 13

Taiwan Semiconductor
TSM · Pre-market
day-after-1.8%
beat avg +2.0%
EPS
$4.60+1.7%
vs est $4.52
Revenue
$46.7B
Strong revenue growth driven by AI demand and 2nm process ramp-up
Positives
  • ▲AI-Driven Revenue Surge
  • ▲Advanced Technology Leadership
  • ▲Robust Annual Outlook
Concerns
  • ▼Margin Dilution from Advanced Nodes
  • ▼Rising Costs of Overseas Fabs
  • ▼Decline in Specific Segments
“Gross margin decreased by 1.3 percentage points sequentially to 66.4%, primarily due to margin dilution from 2-nanometer ramp.”
· Wendell Huang, CFO
Charles Schwab Corporation (The)
SCHW · Pre-market
day-after-2.7%
beat avg -0.7%
EPS
$1.69+2.1%
vs est $1.66
Revenue
$7.2B+17%
vs LY $6.1B
Record net new asset inflows and strong growth driven by a diversified revenue model
Positives
  • ▲Record Asset Inflows and Revenue Growth
  • ▲Margin Expansion and Operational Efficiency
  • ▲Strong Client Engagement and Lending Growth
Concerns
  • ▼Guidance at Lower End and Rising Costs
“Third quarter revenue increased 17% year-over-year to a record $7.2 billion... adjusted earnings per share increased 29% year-over-year to a record $1.69.”
· Mike Verdeschi, CFO
Prologis Inc.
PLD · Pre-market
day-after-2.7%
beat avg +1.4%
EPS
$0.84+6.6%
vs est $0.79
Revenue
$2.2B+1%
vs LY $2.2B
Strong logistics demand and expansion into data center portfolios
Positives
  • ▲Resilient Logistics Operations
  • ▲Strategic Data Center Growth
  • ▲Sustained Rent Growth
Concerns
  • ▼Challenging Capital Markets
  • ▼Lowered Disposition and Contribution Outlook
  • ▼Rising Costs and Market Pressure
“In aggregate, we delivered same-store NOI growth of 5.7% on a net effective basis and 5.9% on cash.”
· Tim Arndt (CFO)
The Bank of New York Mellon Corporation
BNY · Pre-market
day-after+3.2%
beat avg +2.2%
EPS
$2.37+4.8%
vs est $2.26
Revenue
$5.7B
Strong revenue growth and improved profitability through operational efficiency
Positives
  • ▲Broad-based revenue growth
  • ▲Operating leverage and margin expansion
  • ▲Capital return and efficiency
Concerns
  • ▼NII pressure and deposit decline
  • ▼Rising expense growth
“Earnings per share of $2.34 grew by 24% year-over-year at a very solid pre-tax margin of 39%, and with a strong return on tangible common equity of 29%.”
· Robin Vince (CEO)
Marsh
MRSH · Pre-market
day-after+4.6%
beat avg -0.2%
EPS
$2.03+3.2%
vs est $1.97
Revenue
$6.9B+8%
vs LY $6.4B
5% underlying revenue growth and double-digit EPS increase
Positives
  • ▲Consistent Revenue Growth
  • ▲Strong EPS Expansion
  • ▲High Profitability in Consulting
Concerns
  • ▼Reinsurance Revenue Decline
  • ▼Operating Income Drop in Risk Services
  • ▼Segment-Specific Revenue Contraction
“Marsh delivered a strong third quarter, generating 5% underlying revenue growth and double-digit EPS growth.”
· John Doyle, President and CEO
U.S. Bancorp
USB · Pre-market
day-after+2.0%
beat avg +1.0%
EPS
$1.34+1.7%
vs est $1.32
Revenue
$7.9B+8%
vs LY $7.3B
Net interest margin expansion and loan growth drive profit increase
Positives
  • ▲NIM and Net Income Growth
  • ▲Broad Loan Portfolio Expansion
  • ▲Diversified Noninterest Income
Concerns
  • ▼Rising Provision for Credit Losses
  • ▼Increase in Noninterest Expenses
  • ▼Higher Securities Losses
“Net interest income was $4,468 million for the third quarter of 2026, compared with $4,222 million for the third quarter of 2025.”
· U.S. Bancorp
PNC Financial Services Group Inc. (The)
PNC · Pre-market
day-after-0.4%
beat avg +0.0%
EPS
$4.97+1.6%
vs est $4.89
Revenue
$6.6B+11%
vs LY $5.9B
Solid earnings driven by loan growth and expansion into new markets
Positives
  • ▲Sustained Loan and Asset Growth
  • ▲Strong Profitability and Capital Returns
  • ▲Expansion Market Momentum
Concerns
  • ▼Net Interest Margin (NIM) Compression
  • ▼Decline in Fee Income
  • ▼Rise in Non-Performing Loans
“Expansion markets have added approximately 500 new client relationships year-to-date, contributing materially to a 5% average C&IB loan growth during the quarter and 17% growth YoY.”
· Bill Demchak (CEO)
CM
Commercial Metals Company
CMC · Pre-market
day-after+0.1%
beat avg +1.6%
EPS
$2.09+6.6%
vs est $1.96
Revenue
$2.7B+26%
vs LY $2.1B
Precast segment weakness due to residential softness and seasonal headwinds
Positives
  • ▲Strong North America Steel Group performance
  • ▲Margin expansion and profitability
  • ▲Improved balance sheet and shareholder returns
Concerns
  • ▼Underperformance in Precast business
  • ▼Soft Q1 outlook
  • ▼Rising energy costs in Europe
“While broader demand conditions remain supportive, residential softness weighed on precast results in the period.”
· Peter Matt, CEO
Interactive Brokers Group Inc. Class A
IBKR · After close
day-after-3.9%
miss avg -3.6%
EPS
$0.67-0.1%
vs est $0.67
Revenue
$1.9B+217%
vs LY $603M
Solid performance driven by customer base expansion and net interest income growth
Positives
  • ▲Strong growth in customer base and assets
  • ▲Robust growth in net interest income
  • ▲Enhanced shareholder returns
Concerns
  • ▼Decline in stock and option trading volumes
  • ▼Compression in net interest margin
  • ▼Slight decline in pre-tax profit margin
“The Interactive Brokers Group, Inc. Board of Directors declared an increase in the quarterly cash dividend from $0.0875 per share to $0.15 per share.”
· Interactive Brokers Group, Inc.
J.B. Hunt Transport Services Inc.
JBHT · After close
day-after-2.8%
beat avg +3.4%
EPS
$1.82+0.6%
vs est $1.81
Revenue
$3.7B+21%
vs LY $3.1B
Revenue growth of 20% offset by margin pressure from rising costs
Positives
  • ▲Strong revenue growth across segments
  • ▲Continued expansion in Intermodal volume
  • ▲Turnaround in Integrated Capacity Solutions (ICS)
Concerns
  • ▼Operating margin compression and cost headwinds
  • ▼Significant profit decline in Dedicated Contract Services (DCS)
  • ▼Revenue contraction in Final Mile Services (FMS)
“In total, these cost buckets, driver-related claims, and fuel impacted operating income by over $50 million versus the second quarter of this year.”
· Brad Delco (CFO)
AA
Alcoa Corporation Common Stock
AA · After close
day-after+2.5%
beat avg -0.7%
EPS
$1.82+20.2%
vs est $1.51
Revenue
$3.7B+24%
vs LY $3.0B
Strong performance driven by higher alumina prices and improved production efficiency
Positives
  • ▲Improved Alumina Segment Profitability
  • ▲Production Efficiency and Records
  • ▲Asset Monetization
Concerns
  • ▼Aluminum Segment Revenue and Profit Decline
  • ▼Increased Working Capital Pressure
  • ▼Mining Approval Delays
“We achieved six year-to-date production records, increased aluminum production by approximately 15,000 metric tons sequentially, completed the Alumar smelter restart, and delivered a significant performance recovery at the Pinjarra refinery.”
· William F. Oplinger (CEO)
IN
Independent Bank Corp.
INDB · After close
day-after+3.6%
beat avg +1.9%
EPS
$1.90+2.9%
vs est $1.85
Revenue
$262M
Quarterly net income growth driven by net interest income and asset quality management
Positives
  • ▲Net Interest Income and Margin Expansion
  • ▲Loan and Deposit Growth
  • ▲Continued Shareholder Returns
Concerns
  • ▼Deterioration in Asset Quality
  • ▼Decline in Noninterest Income and Rising Costs
  • ▼Decrease in Capital Ratios
“Our disciplined approach and core fundamentals drove a 12% increase in our diluted earnings per share versus the prior quarter results.”
· Jeffrey Tengel, CEO
CN
Cohen & Steers Inc
CNS · After close
day-after+0.9%
miss avg +0.7%
EPS
$0.89-1.7%
vs est $0.91
Revenue
$157M+11%
vs LY $142M
Continued net inflows offset by decline in AUM market value
Positives
  • ▲Strong Net Inflows
  • ▲Improved Adjusted Operating Margin
  • ▲Growth in Adjusted Net Income
Concerns
  • ▼Decline in Assets Under Management
  • ▼Significant Rise in Operating Expenses
  • ▼Compression in Fee Rates
“We generated our fifth consecutive quarter of organic growth with $1.6 billion of net inflows and positive contributions across a broad range of strategies, vehicles and client channels.”
· Joseph M. Harvey, CEO

Wed 10/14 · 7

ASML Holding
ASML · Pre-market
day-after-3.9%
beat avg -3.8%
EPS
$11.82+9.9%
vs est $10.76
Revenue
$13.4B
Record sales and margins achieved with plans to expand capacity for AI demand
Positives
  • ▲Record-breaking sales and margins
  • ▲Strong order momentum from AI demand
  • ▲Capacity expansion and new product rollout
Concerns
  • ▼Supply chain bottlenecks and expansion costs
  • ▼Net income boosted by one-time gains
  • ▼Sustainability of upgrade sales
“With such strong visibility and an order book momentum that continues to increase quarter on quarter this year, we now expect that our supply as currently planned for both 2027 and 2028 will not fully meet the demand of our customers.”
· Christophe Fouquet (CEO)
Morgan Stanley
MS · Pre-market
day-after-2.8%
beat avg +2.4%
EPS
$3.03+3.9%
vs est $2.92
Revenue
$20.3B
Record performance in Wealth Management and robust growth driven by the integrated firm model
Positives
  • ▲Record Wealth Management Growth
  • ▲Institutional Securities Revenue Rebound
  • ▲Asset Inflows via Integrated Model
Concerns
  • ▼Investment Management Underperformance
  • ▼Margin and Profitability Pressure
  • ▼Market Volatility and Moderating Activity
“With a return on tangible equity of 22.6%, this quarter marks our fifth consecutive quarter above 20%, speaking to the consistent strength of our global franchise.”
· Ted Pick, CEO
BlackRock Inc.
BLK · Pre-market
day-after+0.7%
beat avg +1.7%
EPS
$15.93+11.4%
vs est $14.30
Revenue
$7.8B+19%
vs LY $6.5B
Record financial performance driven by integrated platform and accelerated organic growth
Positives
  • ▲Record Profitability and Margin Expansion
  • ▲Strong Organic Growth and Net Inflows
  • ▲Sustained Momentum in Technology Services
Concerns
  • ▼Net Outflows in Institutional Index
  • ▼Rising Expense Growth Rate
  • ▼Earnings Boosted by Non-Operating Gains
“Third quarter earnings per share rose 38%. Our operating margins reached 47.8%. Organic base fee growth of 11% growth, reflecting net inflows of $205 billion.”
· Laurence D. Fink
Bank of America Corporation
BAC · Pre-market
day-after-4.8%
miss avg -3.1%
EPS
$0.91-17.8%
vs est $1.11
Revenue
$30.0B+7%
vs LY $28.1B
Solid earnings driven by NII growth and resilient client activity
Positives
  • ▲Sustained NII Growth
  • ▲Broad-based Loan Expansion
  • ▲Strong Wealth Management Performance
Concerns
  • ▼Impact of One-time Regulatory Charge
  • ▼Weakness in IB and Trading
  • ▼Decline in Capital Ratios
“Excluding the regulatory settlement charge, our net income was $8.1 billion, or approximately $1.08 per share, up from last year.”
· Brian Moynihan, CEO
State Street Corporation
STT · Pre-market
day-after-4.1%
beat avg -0.3%
EPS
$3.69+0.4%
vs est $3.68
Revenue
$4.0B+13%
vs LY $3.5B
Record financial performance driven by growth in fee revenue and net interest income
Positives
  • ▲Record growth in core businesses
  • ▲Strong expansion in NII and margins
  • ▲Efficient cost management and operating leverage
Concerns
  • ▼Decline in other fee revenue
  • ▼Sequential slowdown in FX trading services
  • ▼Sharp drop in other fee revenue category
“Earnings per share of $3.69 increased 33% year-over-year, supported by double-digit growth in fee revenue, NII, and total revenue.”
· Ron O'Hanley, CEO
FH
First Horizon Corporation
FHN · Pre-market
day-after-0.4%
beat avg +0.0%
EPS
$0.53+1.1%
vs est $0.52
Balance sheet restructuring through the sale of low-yielding mortgage assets to improve profitability
Positives
  • ▲Strategic Asset Sale for Profitability
  • ▲Solid Growth in Client Deposits
  • ▲NIM Stability and Improvement Outlook
Concerns
  • ▼Net Loss Due to One-time Charges
  • ▼Rising Funding Costs and Margin Pressure
  • ▼Decline in Loan Balances and Growth Slowdown
“This transaction will be accretive to earnings on a go forward basis and will provide balance sheet flexibility to support future loan growth.”
· Bryan Jordan, CEO
HO
Home BancShares Inc.
HOMB · Pre-market
day-after-0.3%
beat avg +0.2%
EPS
$0.65+1.9%
vs est $0.64
Revenue
$288M
Record net income and improved asset quality driving shareholder value
Positives
  • ▲Record Net Income and Profitability
  • ▲NIM Expansion and Efficiency
  • ▲Strong Shareholder Returns
Concerns
  • ▼Declining Non-Interest Income and Revenue
  • ▼Rising Non-Performing Assets
“For the first nine months of 2026, we produced $380 million in adjusted earnings, keeping us on a strong path towards our goal of $500 million.”
· John Allison, Chairman

Tue 10/13 · 9

JP Morgan Chase & Co.
JPM · Pre-market
day-after-0.9%
miss avg -1.9%
EPS
$5.75-3.2%
vs est $5.94
Revenue
$50.9B
Solid revenue growth and asset management performance offset by rising expenses and capital ratio decline
Positives
  • ▲Growth in Asset and Wealth Management
  • ▲Strong Markets and IB Performance
  • ▲Resilient Consumer Banking
Concerns
  • ▼Expense growth outpacing revenue
  • ▼Decline in capital ratios
  • ▼Uncertainty from market volatility
“Expenses of $27.3 billion were up 12% year-on-year, largely driven by higher volume and revenue-related expense, as well as front office hiring and wage inflation.”
· Jeremy Barnum, CFO
Goldman Sachs Group Inc. (The)
GS · Pre-market
day-after-0.2%
beat avg +2.0%
EPS
$17.01+30.0%
vs est $13.09
Revenue
$18.7B
Strong performance driven by Global Banking and Asset Management growth
Positives
  • ▲Surge in Global Banking and Markets revenue
  • ▲Record performance in Asset and Wealth Management
  • ▲Continued growth in assets under supervision
Concerns
  • ▼Sharp decline in Platform Solutions revenue
  • ▼Increase in provision for credit losses
  • ▼Significant rise in operating expenses
“We delivered very strong performance in the third quarter, generating net revenues of $18.7 billion, the second highest in our history, earnings per share of $17.01, an ROE of 18.7%.”
· David Solomon, CEO
Johnson & Johnson
JNJ · Pre-market
day-after-5.7%
beat avg +1.1%
EPS
$2.59+2.7%
vs est $2.52
Revenue
$25.4B+6%
vs LY $24.0B
Strong growth in innovative medicine and upward revision of annual guidance
Positives
  • ▲Robust growth in Innovative Medicine
  • ▲Upward revision of annual guidance
  • ▲Expansion of oncology portfolio
Concerns
  • ▼Slowdown and weakness in MedTech
  • ▼Margin compression and rising costs
  • ▼Regional decline in Surgery segment
“In Q3, we reported operational sales growth of 6% ahead of analyst consensus and increased sequential growth compared to the second quarter.”
· Joaquin Duato, CEO
UnitedHealth Group Incorporated Common Stock (DE)
UNH · Pre-market
day-after-0.2%
beat avg +0.3%
EPS
$4.69+13.3%
vs est $4.14
Revenue
$112.7B0%
vs LY $113.1B
Revenue decline and contraction in membership base
Positives
  • ▲Operating profit and margin expansion
  • ▲Raised full-year guidance
  • ▲Improved medical cost management
Concerns
  • ▼Revenue and membership decline
  • ▼Optum Health segment contraction
  • ▼Increase in debt-to-capital ratio
“The company now expects full year 2026 adjusted net earnings of at least $20.50 per share, incorporating experience through the third quarter 2026.”
· Stephen Hemsley, CEO
Wells Fargo & Company
WFC · Pre-market
day-after-3.1%
beat avg -0.6%
EPS
$1.87+0.8%
vs est $1.86
Revenue
$21.9B
Solid growth in loans and deposits driving earnings per share increase
Positives
  • ▲Strong Growth in Loans and Deposits
  • ▲Improved Profitability and EPS
  • ▲Expense Discipline and Efficiency
Concerns
  • ▼Slowdown in Markets Revenue
  • ▼Stagnant Net Interest Margin
  • ▼Volatility in Noninterest Income
“Earnings per share grew to $1.87 in the third quarter, up 13% from a year ago. Our ROTCE increased from 14.7% during the first nine months of 2025 to 16.2% during the same period this year, and 16.3% this quarter.”
· Charlie Scharf (CEO)
Citigroup Inc.
C · Pre-market
day-after-5.6%
beat avg +0.0%
EPS
$2.83+7.9%
vs est $2.62
Revenue
$23.8B+8%
vs LY $22.1B
Solid performance driven by broad-based growth across key business segments
Positives
  • ▲Broad-based revenue growth
  • ▲Meaningful improvement in profitability
  • ▲Capital return and financial strength
Concerns
  • ▼Stagnant growth in U.S. Consumer Cards
  • ▼Potential deceleration in Q4
  • ▼Rising expenses and credit costs
“With revenues up 8% year-over-year, we delivered our best third quarter revenue in a decade, and we saw revenue growth in four out of our five businesses.”
· Jane Fraser, CEO
Progressive Corporation (The)
PGR · Pre-market
day-after+1.2%
beat avg +0.4%
EPS
$4.60+4.2%
vs est $4.41
Steady premium growth and improved loss ratios driving profitability
Positives
  • ▲Consistent premium revenue growth
  • ▲Improved underwriting profitability
  • ▲Shareholder value enhancement
Concerns
  • ▼Decline in net income
  • ▼Investment portfolio volatility
Domino's Pizza Inc
DPZ · Pre-market
day-after-4.8%
beat avg -0.5%
EPS
$4.60+4.8%
vs est $4.39
Revenue
$1.2B+3%
vs LY $1.1B
Slowing U.S. same-store sales growth and reduced store opening guidance due to franchisee profitability pressure.
Positives
  • ▲Growth in Operating Income and EPS
  • ▲Supply Chain Margin Expansion
  • ▲Global Net Store Growth
Concerns
  • ▼Deceleration in U.S. Same-Store Sales
  • ▼Lowered Store Opening Guidance
  • ▼Decline in Free Cash Flow
“We now expect 125-150 net new stores in the U.S., reflecting increased pressure on our development pipeline from the macroeconomic environment and year-to-date pressure on franchisee profitability.”
· Sandeep Reddy, CFO
AC
Albertsons Companies Inc. Class A
ACI · Pre-market
day-after+1.4%
beat avg +1.2%
EPS
$0.36+9.6%
vs est $0.33
Revenue
$18.9B0%
vs LY $18.9B
Identical sales decline and margin pressure lead to withdrawal of guidance
Positives
  • ▲Strong growth in digital sales
  • ▲Continued growth in pharmacy
  • ▲Disciplined cost management
Concerns
  • ▼Identical sales decline and lower profitability
  • ▼Margin compression and rising costs
  • ▼Withdrawal of fiscal 2026 outlook
“Although our second quarter performance was in-line with the expectations in our revised outlook, our results do not reflect the potential of the Company.”
· Susan Morris, CEO

Figures from press releases (SEC 8-K); call highlights summarized from earnings-call transcripts. Next-day reactions fill in after the following close.