Big Bank Earnings Kick Off as IBM Slides

14.07.2026 · By Bernal Fintech Markets Desk

Big bank earnings season has begun, with major financial institutions like JPMorgan Chase, Goldman Sachs, and Bank of America reporting their second-quarter results. Analysts expect the five largest U.S. banks to collectively report nearly $39 billion in trading revenue for the quarter. However, not all news is positive: IBM shares fell more than 20% after the company reported second-quarter earnings that missed expectations.

JPMorgan Chase (JPM) reported a decline in shares after CEO Jamie Dimon warned of economic risks shifting below the surface. Meanwhile, Goldman Sachs (GS) exceeded revenue expectations, and Bank of America (BAC) reported stronger trading revenue. The earnings reports are closely watched by investors, as they provide insight into the health of the financial sector and the broader economy.

Earnings Highlights and Market Reactions

JPMorgan Chase’s results were met with caution, as Dimon’s comments raised concerns about the economic outlook. Goldman Sachs, however, outperformed expectations with strong revenue growth, which helped its shares rise. Bank of America also reported better-than-expected trading revenue, signaling resilience in the sector.

On the tech front, IBM (IBM) reported a significant earnings miss, citing weakness in its software and infrastructure business. The company attributed the shortfall to clients shifting spending toward hardware purchases. This led to a sharp decline in IBM’s stock price, with shares dropping more than 20% in early trading.

What it means for markets

The mixed results from big banks and tech firms highlight the diverging trends in the financial and technology sectors. While the banks’ earnings suggest resilience in the financial system, IBM’s miss underscores challenges in the tech industry. Investors are closely monitoring these reports for signals on the broader economic outlook and sector performance.