Big bank Q3 2026 earnings: how surging yields hit the economy Quartz · Michael M. Santiago / Getty Images Cris Tolomia Mon, October 12, 2026 at 7:48 AM EDT 2 min read ^GSPC +0.59% Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo are all scheduled to report third-quarter earnings this week, giving investors their first detailed look at how a surge in Treasury yields has rippled through corporate and household finances.
The reports are expected to draw scrutiny over what bank executives say about the pressure from higher borrowing costs, according to MarketWatch. Banks are viewed as a leading indicator of broader economic health because their lending activity touches nearly every corner of the economy, from businesses seeking capital to expand to households taking on debt for big-ticket items.
The S&P 500 is on track to post 29.6% earnings growth for the third quarter, which would mark the fourth consecutive quarter of above-25% growth, according to FactSet data. Still, forward-looking comments from executives are likely to draw more attention than the headline figures.
"Investors have kind of narrowed in on some of the important aspects," Brian Leonard, portfolio manager of the Keeley Gabelli Small Cap Dividend Fund, told CNBC. "Can this company withstand what's happening? Pass along, continue to grow margins, and the future is going to be better than the most recent past."
The week also includes key inflation readings. September consumer price index data is due Wednesday, followed by the producer price index on Thursday. Federal Reserve Chair Kevin Warsh is scheduled to appear Thursday at an IMF and World Bank summit in Bangkok.
Stock futures pointed to a mixed open Monday, with S&P 500 futures up 0.1% and Dow Jones Industrial Average futures adding 53 points, or 0.1%, while Nasdaq 100 futures edged down 0.1%. U.S. bond markets are closed Monday for Columbus Day.
Wall Street ended last week broadly higher. Both the Dow and S&P 500 finished in positive territory for the second time in three weeks, and the Nasdaq Composite extended its winning streak to four consecutive weeks on strength in technology shares.
Geopolitical uncertainty is also in the background. President Donald Trump over the weekend declared an "energy ceasefire" between Russia and Ukraine and announced a diesel supply arrangement under which Russia would release an initial 300,000 tons of fuel. Ukrainian President Volodymyr Zelenskyy accused Moscow of breaking the ceasefire, and traders largely set the news aside, partly because the diesel volume involved was seen as too small to move markets. Brent crude was up roughly 1% in early trading.
