The S&P 500 earnings season gained momentum this week, with 24 major companies reporting across key sectors. Of these, 20 exceeded earnings per share (EPS) expectations, while 15 surpassed revenue forecasts. Notably, 23 firms posted year-over-year earnings growth, and 20 saw revenue increases.
Johnson & Johnson (JNJ) shares fell 5.73% despite beating Q3 estimates with adjusted EPS of $2.59 on sales of $25.40 billion. The company raised its FY26 outlook but faced investor concerns over decelerating MedTech growth and a $5.5 billion talc-related charge. UnitedHealth Group (UNH) reported a 61% year-over-year surge in adjusted EPS to $4.69, though its stock dipped 0.2% due to a minor revenue contraction from shedding non-profitable memberships.
Bank of America (BAC) dropped 4.76% after missing EPS estimates due to weaker noninterest income, while JPMorgan Chase (JPM) fell 0.9% despite strong net interest income growth. Wells Fargo (WFC) saw a 3.10% decline after missing revenue estimates, though it reaffirmed its FY26 net interest income guidance. Citigroup (C) dipped 5.60% despite beating EPS estimates, driven by strong services and wealth growth.
U.S. Bancorp (USB) rose 2.01% after beating EPS estimates, while Goldman Sachs (GS) traded flat despite strong asset and wealth management performance. Morgan Stanley (MS) slipped 2.75% despite beating revenue and EPS estimates, and BlackRock (BLK) gained 0.72% after reporting strong net inflows and higher fee revenue.
Next week, the earnings season accelerates with reports from mega-cap tech, industrial leaders, defense giants, and energy majors. Key companies include Tesla (TSLA), General Motors (GM), Netflix (NFLX), Meta Platforms (META), Lockheed Martin (LMT), and Procter & Gamble (PG).