Q2 2026 Bank Earnings: JPM, GS, WFC, C All Beat Big
The four largest U.S. banks reported Q2 2026 results Tuesday morning that landed well above the most optimistic sell-side estimates. JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup posted a combined blowout that sent XLF, the financial sector ETF, up 1.5% even as SPY slipped 0.5%. The story is not just that all four beat. It is how much they beat, and what the line items underneath reveal about where the U.S. financial system stands heading into the second half of 2026.
Key Takeaways JPMorgan reported Q2 EPS of $7.70, beating the $5.78 consensus by $1.92, with net revenue of $54.8B against a $50.2B estimate. Goldman Sachs posted EPS of $20.98 versus the $14.47 estimate, a $6.51 beat drive…
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