JPMorgan Q3 Profit Rises 6%; Reported EPS Is $5.57
JPMorgan reported $15.3 billion Q3 profit. Excluding investment securities losses, its non-GAAP profit was $15.8 billion; the two figures are not interchangeable.
Global Capital Markets News
Goldman Sachs Q3 Revenue Rises 23%; Profit Hits $5.29 Billion
Goldman Sachs reported Q3 revenue of $18.68 billion and profit of $5.29 billion. Revenue rose from a year earlier but declined from the previous quarter.
Wells Fargo Q3 EPS Rises 13%; Credit-Loss Provision Up 51%
Wells Fargo’s reported Q3 EPS rose to $1.87 and net income increased 6%. Its credit-loss provision rose 51%; provision is not the same as realized loan losses.
Meta’s Muse Wonder Launch: Developer Access Is Not a Universal Rollout
Meta announced Muse Wonder and Muse Wonder Full on October 12, with different API and subscriber access. A wider consumer rollout is still described as forthcoming.
Freshworks Signs Torii Deal to Expand AI Spending Controls
Freshworks agreed to acquire Torii to extend Freshservice into software and AI spending oversight. Closing is expected in Q4 2026, subject to conditions.
NVIDIA’s $1 Billion Research Plan: Commitment, Not Revenue
NVIDIA’s October 8 announcement values its five-year US science commitments at $1 billion. The plan covers quantum research, healthcare and energy—not booked revenue.
TSMC September Revenue Rises 54.6%; October 15 Results Next
TSMC reported NT$511.86 billion in September revenue, up 54.6% annually but down 0.6% from August. The sales update is not a quarterly profit result.
Micro Gold and Silver Futures Volume Rises 21% and 61%
Compare Micro Gold’s 10-ounce contract with Micro Silver’s 1,000 ounces. CME’s September volume gains of 21% and 61% are not price returns.
Infosys and Columbia Set Up Enterprise AI Research Collaboration
A new research collaboration covers business processes, responsible AI and marketing. The announcement describes a research programme, not a quantified revenue contract or proven productivity gain.
Accenture Q4 Revenue Hits $18.68 Billion, Above Its Guidance Range
The October 1 results exceed Accenture's own revenue forecast. Different profit comparisons explain why its headline EPS growth needs context.
Kyndryl Survey Finds Only 9% Fully Understand Their Application Dependencies
The October 1 survey of 2,000 business and technology leaders highlights a planning problem: companies need to know what their software relies on before changing it.
Gemini 4 Argon Announced: Early Access Comes Before a Wider Launch
Google's September 30 announcement starts with selected cyber defenders. Published API pricing is not confirmation that every business can use the model today.