Big banks cheer Q3 — but keep a cautious eye on 2026
America’s largest banks just posted a strong Q3, with the top six earning nearly $41B—up 19% year over year — on the back of robust dealmaking, corporate spend, and resilient consumer activity. Leaders point to stable deposits and low delinquencies, while wealth inflows and trading volumes continue to rise. Still, execs flagged cross-currents to watch: a cooling labor market, pockets of credit stress, and policy/geopolitical uncertainty. The takeaway is that the momentum is real, but risk management and disciplined growth remain the name of the game.
