Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo and Citigroup

For Immediate ReleaseChicago, IL – October 9, 2025– Zacks Director of Research Sheraz Mian says, "For 2025 Q3, total S&P 500 index earnings are expected to be up +5.5% from the same period last year on +6.2% higher revenues."Q3 Earnings Season Gets Underway: A Closer LookNote: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:For 2025 Q3, total S&P 500 index earnings are expected to be up +5.5% from the same period last year on +6.2% higher revenues.Excluding the Tech sector contribution, Q3 earnings for the rest of the S&P 500 index would be up only +2.7% (vs. +5.5% otherwise).For the Magnificent 7 group, Q3 earnings are expected to be up +12.0% from the same period last year on +14.8% higher revenues, which would follow the group's +26.4% earnings growth on +15.5% revenue growth in the preceding period.For the 21 S&P 500 members that have recently reported quarterly results for their fiscal quarters ending in August (part of the Q3 tally), total earnings are up +10.5% from the same period last year on +6.8% higher revenue, with 76.2% beating EPS estimates and 81.0% beating revenue estimates.Bank Earnings Set to Give a Good Read on the EconomyJPMorganJPM, Wells Fargo WFC and Citigroup C will kick off the September-quarter reporting cycle for the Finance sector before the market opens on Tuesday, October 14th. These stocks have been impressive performers lately, even after taking into account their weakness in recent days.There is justifiable optimism in the market about these banks' business prospects. Loan demand is expected to accelerate, and the peak in delinquencies is now behind us. On the capital market's front, deal pipelines are seen as steadily getting stronger, and trading activities remain robust. A favorable monetary policy and regulatory backdrop contribute to the positive narrative surrounding JPMorgan, Citigroup, Wells Fargo, and others in the space.On the other hand, there is uncertainty about the magnitude of moderation in economic growth resulting from the new tariff regime. Recent public commentary from management teams has broadly been positive, which has helped drive estimates higher for the group. However, it will be challenging for these stocks to maintain their recent positive momentum unless management teams can validate the market's optimistic expectations.JPMorgan is expected to report $4.79 per share in earnings on $44.66 billion in revenues, representing year-over-year growth rates of +9.6% and +4.7%, respectively. Estimates for the period have steadily increased, with the current $4.79 estimate up +2.1% over the past month and +6.7% over the past three months. Estimates for Citigroup and Wells Fargo have not increased by the same magnitude, but the revisions trend has nevertheless been positive for them as well.For the Zacks Finance sector as a whole, Q3 earnings are expected to increase by +10.7% from the same period last year on +6.1% higher revenues.The Earnings Big PicturePositive Q3 results and reassuring management commentary from these banks will help sustain the favorable revisions trend that has been in place lately.For 2025 Q3, the expectation is for earnings growth of +5.5% on +6.2% revenue gains. We have consistently shown in this space how Q3 estimates have steadily increased since the quarter began.The aforementioned favorable revisions trend validates the market's rebound from the April lows. However, the trend can only be sustained if Q3 earnings results and management guidance for Q4 and beyond confirm it.Free: Instant Access to Zacks' Market-Crushing StrategiesSince 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. 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These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks