Yahoo Financeยท2025-10-14 11:35Earnings Overview - The third quarter earnings season has commenced with major Wall Street banks reporting their results, with analysts expecting a 7.9% increase in earnings per share for S&P 500 companies, marking the ninth consecutive quarter of positive earnings growth but a slowdown from the 12% growth in Q2 [1][10] - Major financial institutions including JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and BlackRock are among the first to report their earnings [2] Company-Specific Highlights - Wells Fargo reported third quarter results that exceeded analysts' expectations, resulting in a stock increase of over 2% in premarket trading [4] - JPMorgan Chase's profits rose in the third quarter, although its stock experienced a slight decline following the earnings report [6] - BlackRock reported a significant inflow of $205 billion in private assets, indicating strong performance in that segment [7] - Ericsson's shares surged by 14% after the company beat quarterly earnings forecasts and downplayed the impact of US tariffs [8] Earnings Forecasts and Trends - Analysts have been revising their earnings per share estimates upward, with the current estimated year-over-year earnings growth rate for the S&P 500 at 8%, an increase from the previous estimate of 7.3% [10] - Historical data shows that S&P 500 companies have surpassed earnings estimates in 37 of the last 40 quarters, suggesting a likelihood of positive surprises in the current earnings season [11][12]