Bank earnings live updates: Goldman Sachs posts massive revenue beat, fueled by equities trading

This is CNBC's live coverage of bank earnings reports for JPMorgan, Goldman Sachs, Wells Fargo and Citigroup.

Four of the largest U.S. banks are reporting third-quarter results before the market opens on Tuesday: JPMorgan Chase, Wells Fargo and Goldman Sachs are first out of the gates.

Citigroup reports later Tuesday morning, and Bank of America and Morgan Stanley will post earnings on Wednesday.

The quarter was dominated by headlines around artificial intelligence, IPO uncertainty, high fuel prices and rising borrowing costs.

All four reports on Tuesday are due by 8 a.m. ET, and executives from each of the banks will be addressing those topics and more during earnings calls between 8:30 a.m. and 11 a.m. ET.

Goldman Sachs blew past expectations for third-quarter revenue, powered primarily by a strong quarter for equities trading, with help from investment banking and asset and wealth management.

The firm's $18.68 billion in net revenue is nearly $2 billion more than the LSEG estimate.

Equities revenue jumped 72% from a year earlier to $6.44 billion, topping estimates by about $1.42 billion.

Investment banking fees rose 21% to $3.22 billion, beating estimates by $384 million, while asset and wealth management revenue climbed 14% to $5.05 billion, or about $450 million more than expected.

Fixed income trading was a relative weak spot, with revenue slipping about 1% from a year earlier to $3.47 billion, below expectations by $239 million.

JPMorgan raised its net interest income guidance to $106.2 billion for 2026. That compares to prior guidance issued in the second quarter of $105.5 billion. The statistic measures profitability for loan making.

Its guidance for net income interest income excluding markets is $97.2 billion, compared with a prior estimate of $96.5 billion.