{"id":199030,"date":"2024-10-21T10:00:00","date_gmt":"2024-10-21T14:00:00","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/"},"modified":"2024-10-22T09:12:10","modified_gmt":"2024-10-22T09:12:10","slug":"q3-earnings-season-kicks-off-with-better-than-expected-bank-results","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/stocks\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/","title":{"rendered":"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Banks kicked off the earnings season with mostly bullish results and commentary.<\/li>\n\n\n\n<li>Q3 S&amp;P 500\u00ae EPS growth expected to come in at 4.1%, the fifth consecutive quarter of growth.<\/li>\n\n\n\n<li>First of the Magnificent 7 release results next week when Tesla reports.&nbsp;<\/li>\n\n\n\n<li>Peak weeks for Q3 season run from October 28 &#8211; November 15.<\/li>\n<\/ul>\n\n\n\n<p>The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates. Results mostly impressed investors who responded positively to reports on Friday and Tuesday morning, with the latter eventually overshadowed by a Nvidia sell-off which took markets lower that day. Morgan Stanley got things back on track on Wednesday with impressive results which led the major indices higher.<br>However it was earnings results from another sector\u2019s constituent on Thursday that drove markets. Taiwan Semiconductor Manufacturing Company (TSMC) saw their stock soar after posting robust profits due to increased AI demand which the company said should continue for \u201cmany years.\u201d<sup>1<\/sup>&nbsp;As a result, other big AI players such as Nvidia and AMD and to a lesser degree Apple and Microsoft, saw their stocks move higher, just ahead of big tech earnings season which kicks off the week of October 28.<br>One major thesis leading into this earnings season was that lowered sell-side estimates heading into reports would lead to bigger beats and happier investors. That\u2019s more or less what happened with the banks, with some caveats, of course.<br><\/p>\n\n\n\n<p><strong>Are Banks Getting their Flowers?<\/strong><br>All six of the big banks beat analysts\u2019 profit expectations, and all but Wells Fargo surpassed revenue estimates.<sup>2<\/sup>&nbsp;Most of these names saw their stocks rewarded as a result of better-than-expected results, even WFC\u2019s stock price popped 6% on the day of their earnings report despite missing on the top-line. On the flip-side, Citigroup beat both metrics but still saw their stock slide 5% (after initially popping up 1%) as a result of increasing loan loss provisions.<sup>3<\/sup>&nbsp;Bank of America also reported positive surprises but the stock ended the day flat.<sup>4<\/sup><br>Overall the takeaways from the big banks were bullish.<br><strong>On the consumer:<\/strong>&nbsp;The story on the health of US consumers remains the same, while spending activity remains intact, consumers remain cautious and credit cards are getting paid off at a slower rate than usual.<sup>5<\/sup>&nbsp;Lower rates have encouraged more borrowing, but real estate hasn\u2019t quite seen the relief expected.<br><strong>Investment banking:<\/strong>&nbsp;The investment banks (specifically, Goldman Sachs<sup>6<\/sup>&nbsp;and Morgan Stanley<sup>7<\/sup>) performed well in Q3 due to an increase in fees and increased activity specifically in M&amp;A. With the Federal Reserve implementing a jumbo rate cut last month and expected to continue cutting interest rates at the next several meetings, that should make borrowing money more enticing and therefore increase the deal pipeline.<br><strong>Trading:&nbsp;<\/strong>Equities trading revenues boosted all of the big bank\u2019s bottom lines, while FICC trading came in lower, and in some cases, negative on a YoY basis.<br><strong>Overall:<\/strong>&nbsp;The soft landing is here according to JPMorgan, with CFO Jeremy Barnum commenting \u201cthese results are consistent with a soft landing\u201d on their conference call<sup>8<\/sup>, and similar sentiment was indicated by their peers as well.<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-q3-earnings-scorecard\"><strong>Q3 Earnings Scorecard<\/strong><\/h2>\n\n\n\n<p>For the Q3 season, S&amp;P 500 EPS growth is expected to hit 4.1%, which would be the fifth consecutive quarter of bottom-line growth.<sup>9<\/sup>&nbsp;Note that 4.1% is a blended growth rate that includes results for those companies that reported as of Friday, October 11 and estimates for those that have yet to report. Revenues are expected to come in even higher with 4.6% YoY growth.<sup>10<\/sup><br>On a sector level, Information Technology, Communication Services and Health Care all remain leaders on the top and bottom line, while Energy is the only sector expected to post YoY declines on both metrics.<sup>11<\/sup><br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-more-companies-pushing-back-q3-earnings-dates-likely-due-to-upcoming-us-presidential-election\"><strong>More Companies Pushing Back Q3 Earnings Dates &#8211; Likely Due to Upcoming US Presidential Election<\/strong><\/h2>\n\n\n\n<p>After falling to its lowest level in its nine years in the first quarter of 2024, the<a href=\"https:\/\/www.wallstreethorizon.com\/late-earnings-report-index\">&nbsp;Late Earnings Report Index<\/a>, our proprietary measure of CEO uncertainty, has been higher for the last two quarters.<br>The LERI tracks outlier earnings date changes among publicly traded companies with market capitalizations of $250M and higher. The LERI has a baseline reading of 100, and anything above that indicates that companies are feeling uncertain about their current and short-term prospects. A LERI reading under 100 suggests that companies feel they have a pretty good crystal ball for the near-term.<br>The official pre-peak season LERI reading for Q3 (data collected in Q4) stands at 278, well above the baseline reading. Typically, this would suggest that companies are feeling less certain about economic conditions, but this quarter we believe there is another culprit. On November 5, the US will elect its next president, and that week is typically a peak one for the Q3 season. Many companies that would usually report that week have pushed off their announcement to the following two weeks to avoid getting lost in the election coverage. As of October 11, there were 105 late outliers and 34 early outliers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"678\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/10\/241016WSHLERI-1100x678.png\" alt=\"Late earnings report index\" class=\"wp-image-199031 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHLERI-1100x678.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHLERI-700x432.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHLERI-300x185.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHLERI-768x474.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHLERI.png 1187w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/678;\" \/><\/figure>\n\n\n\n<p><em>Source: Wall Street Horizon<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-on-deck-next-week\"><strong>On Deck Next Week<\/strong><\/h2>\n\n\n\n<p>Next week is not quite peak season yet, but contains some highly watched earnings reports. Results from the Magnificent 7 will start to trickle in when Tesla&nbsp;<a href=\"https:\/\/www.wallstreethorizon.com\/tesla-earnings-calendar\" target=\"_blank\" rel=\"noreferrer noopener\">reports on Wednesday<\/a>. We\u2019ll also get a read on the Industrials sector next week when 3M, Texas Instruments and Honeywell report. Expectations for Industrials remain low with profits only expected to grow 1% YoY and revenue growth estimates at 0.1%.<sup>12<\/sup><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/10\/241021-WeeklyEarningsGraphic1920x1400px-1100x802.png\" alt=\"Earnings Announcements - week of Oct 21\" class=\"wp-image-199032 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/802;\" \/><\/figure>\n\n\n\n<p><em>Source: Wall Street Horizon<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-q3-earnings-wave\"><strong>Q3 Earnings Wave<\/strong><\/h2>\n\n\n\n<p>This earnings season, the peak weeks will fall between October 28 &#8211; November 15, with each week expected to see over 2,000 reports. Currently, November 7 is predicted to be the most active day with 1,475 companies anticipated to report. Thus far, only 59% of companies have confirmed their earnings date (out of our universe of 11,000+ global names), so this is subject to change. The remaining dates are estimated based on historical reporting data.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"666\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/10\/241016WSHES-1100x666.png\" alt=\"Q3 2024 Earnings Season\" class=\"wp-image-199033 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHES-1100x666.png 1100w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHES-700x424.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHES-300x182.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHES-768x465.png 768w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241016WSHES.png 1283w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/666;\" \/><\/figure>\n\n\n\n<p><em>Source: Wall Street Horizon<\/em><\/p>\n\n\n\n<p>Past performance is not indicative of future results<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted October 18, 2024 &#8211; <a href=\"https:\/\/www.wallstreethorizon.com\/blog\/Q3-Earnings-Season-Kicks-Off-with-Better-Than-Expected-Bank-Results\">Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results<\/a><\/p>\n\n\n\n<p><br>1 TSMC Reports Third Quarter EPS of NT$12.54, October 17, 2024,&nbsp;<a href=\"https:\/\/investor.tsmc.com\/english\/encrypt\/files\/encrypt_file\/reports\/2024-10\/d00bfb55ffe01e36f56863f975e88d827f9943e8\/3Q24EarningsRelease.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/investor.tsmc.com<br><\/a>2 Wells Fargo Reports Third Quarter 2024 Net Income of $5.1 billion, or $1.42 per Diluted Share, October 11, 2024,&nbsp;<a href=\"https:\/\/www.wellsfargo.com\/assets\/pdf\/about\/investor-relations\/earnings\/third-quarter-2024-earnings.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.wellsfargo.com<br><\/a>3 THIRD QUARTER 2024 RESULTS AND KEY METRICS, Citigroup, October 15, 2024,&nbsp;<a href=\"https:\/\/www.citigroup.com\/rcs\/citigpa\/storage\/public\/Earnings\/Q32024\/2024pr-qtr3rslt.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.citigroup.com<br><\/a>4 Bank of America 3Q24 Earnings Press Release, October 15, 2024,&nbsp;<a href=\"https:\/\/d1io3yog0oux5.cloudfront.net\/_9d388ee07cccbcc3c8dc5bafe2ea4aff\/bankofamerica\/db\/806\/10117\/earnings_release\/The+Press+Release_3Q24.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/d1io3yog0oux5.cloudfront.net<br><\/a>5 Americans Are Falling Behind on Their Bills. Wall Street Is Alarmed., The Wall Street Journal, Angel Au-Yeung, September 14, 2024,&nbsp;<a href=\"https:\/\/www.wsj.com\/finance\/americans-credit-debt-spending-interest-rates-f3836f23?mod=article_inline\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.wsj.com<\/a>&nbsp;<br>6 Third Quarter 2024 Earnings Results, Goldman Sachs, October 15, 2024,&nbsp;<a href=\"https:\/\/www.goldmansachs.com\/pressroom\/press-releases\/current\/pdfs\/2024-q3-results.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.goldmansachs.com<br><\/a>7 Morgan Stanley Third Quarter 2024 Earnings Results, October 16, 2024,&nbsp;<a href=\"https:\/\/www.morganstanley.com\/content\/dam\/msdotcom\/en\/about-us-ir\/shareholder\/3q2024.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.morganstanley.com<\/a>&nbsp;<br>8 \u201cJPMorgan Calls It: The U.S. Economy Has Made a Soft Landing,\u201d Wall Street Journal, Alexander Saeedy, October 11, 2024,&nbsp;<a href=\"https:\/\/www.wsj.com\/finance\/banking\/jpmorgan-chase-jpm-q3-earnings-report-2024-84b76ab9?mod=article_inline\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.wsj.com<br>\u200b<\/a>9 Earnings Insight, FactSet, John Butters, October 11, 2024,&nbsp;<a href=\"https:\/\/advantage.factset.com\/hubfs\/Website\/Resources%20Section\/Research%20Desk\/Earnings%20Insight\/EarningsInsight_101124B.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/advantage.factset.com<br><\/a>10 Earnings Insight, FactS<br>t, John Butters, October 11, 2024,&nbsp;<a href=\"https:\/\/advantage.factset.com\/hubfs\/Website\/Resources%20Section\/Research%20Desk\/Earnings%20Insight\/EarningsInsight_101124B.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/advantage.factset.com<br><\/a>11 Earnings Insight, FactSet, John Butters, October 11, 2024,&nbsp;<a href=\"https:\/\/advantage.factset.com\/hubfs\/Website\/Resources%20Section\/Research%20Desk\/Earnings%20Insight\/EarningsInsight_101124B.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/advantage.factset.com<br><\/a>12 Earnings Insight, FactSet, John Butters, October 11, 2024,&nbsp;<a href=\"https:\/\/advantage.factset.com\/hubfs\/Website\/Resources%20Section\/Research%20Desk\/Earnings%20Insight\/EarningsInsight_101124B.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/advantage.factset.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates. Results mostly impressed investors who responded positively to reports on Friday and Tuesday morning, with the latter eventually overshadowed by a Nvidia sell-off which took markets lower that day. Morgan Stanley got things back on [&hellip;]<\/p>\n","protected":false},"author":586,"featured_media":199032,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[147,8,12,153,148,7],"tags":[2362,860,699,316],"contributors-categories":[455],"class_list":{"0":"post-199030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-north-america","8":"category-region","9":"category-securities","10":"category-stocks","11":"category-text-articles","12":"category-traders-insight","13":"tag-bank-results","14":"tag-earnings-season","15":"tag-q3","16":"tag-stocks","17":"contributors-categories-wall-street-horizon"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results<\/title>\n<meta name=\"description\" content=\"The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/199030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results\" \/>\n<meta property=\"og:description\" content=\"The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus EU\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-21T14:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-22T09:12:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241021-WeeklyEarningsGraphic1920x1400px.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christine Short\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christine Short\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"Article\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Christine Short\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/abc12775791de999262b4ab21ec2ce51\"\n\t            },\n\t            \"headline\": \"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results\",\n\t            \"datePublished\": \"2024-10-21T14:00:00+00:00\",\n\t            \"dateModified\": \"2024-10-22T09:12:10+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/\"\n\t            },\n\t            \"wordCount\": 1214,\n\t            \"commentCount\": 0,\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/10\\\/241021-WeeklyEarningsGraphic1920x1400px.jpg\",\n\t            \"keywords\": [\n\t                \"bank results\",\n\t                \"earnings season\",\n\t                \"Q3\",\n\t                \"stocks\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/\",\n\t            \"name\": \"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results - IBKR Campus EU\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/10\\\/241021-WeeklyEarningsGraphic1920x1400px.jpg\",\n\t            \"datePublished\": \"2024-10-21T14:00:00+00:00\",\n\t            \"dateModified\": \"2024-10-22T09:12:10+00:00\",\n\t            \"author\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/abc12775791de999262b4ab21ec2ce51\"\n\t            },\n\t            \"description\": \"The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates.\",\n\t            \"breadcrumb\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/#breadcrumb\"\n\t            },\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/10\\\/241021-WeeklyEarningsGraphic1920x1400px.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/10\\\/241021-WeeklyEarningsGraphic1920x1400px.jpg\",\n\t            \"width\": 1920,\n\t            \"height\": 1400,\n\t            \"caption\": \"Earnings Announcements - week of Oct 21\"\n\t        },\n\t        {\n\t            \"@type\": \"BreadcrumbList\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\\\/#breadcrumb\",\n\t            \"itemListElement\": [\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 1,\n\t                    \"name\": \"Home\",\n\t                    \"item\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 2,\n\t                    \"name\": \"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results\"\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus EU\",\n\t            \"description\": \"\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/abc12775791de999262b4ab21ec2ce51\",\n\t            \"name\": \"Christine Short\",\n\t            \"description\": \"Christine Short, Head of Global Corporate Events Research, is focused on publishing research on Wall Street Horizon event data covering 9,500 global equities in the marketplace. Over the past 15 years in the financial data industry, her research has been widely featured in financial news outlets including regular appearances on networks such as CNBC, Fox Business and Yahoo Finance to talk corporate earnings and the economy.\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/author\\\/christine-short\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results","description":"The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/199030\/","og_locale":"en_US","og_type":"article","og_title":"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results","og_description":"The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates.","og_url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/","og_site_name":"IBKR Campus EU","article_published_time":"2024-10-21T14:00:00+00:00","article_modified_time":"2024-10-22T09:12:10+00:00","og_image":[{"width":1920,"height":1400,"url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241021-WeeklyEarningsGraphic1920x1400px.jpg","type":"image\/jpeg"}],"author":"Christine Short","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Christine Short","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/"},"author":{"name":"Christine Short","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/abc12775791de999262b4ab21ec2ce51"},"headline":"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results","datePublished":"2024-10-21T14:00:00+00:00","dateModified":"2024-10-22T09:12:10+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/"},"wordCount":1214,"commentCount":0,"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241021-WeeklyEarningsGraphic1920x1400px.jpg","keywords":["bank results","earnings season","Q3","stocks"],"articleSection":["North America","Region","Securities","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/","url":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/","name":"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results - IBKR Campus EU","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241021-WeeklyEarningsGraphic1920x1400px.jpg","datePublished":"2024-10-21T14:00:00+00:00","dateModified":"2024-10-22T09:12:10+00:00","author":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/abc12775791de999262b4ab21ec2ce51"},"description":"The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates.","breadcrumb":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/#primaryimage","url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241021-WeeklyEarningsGraphic1920x1400px.jpg","contentUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241021-WeeklyEarningsGraphic1920x1400px.jpg","width":1920,"height":1400,"caption":"Earnings Announcements - week of Oct 21"},{"@type":"BreadcrumbList","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/q3-earnings-season-kicks-off-with-better-than-expected-bank-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.interactivebrokers.eu\/campus\/"},{"@type":"ListItem","position":2,"name":"Q3 Earnings Season Kicks Off with Better-Than-Expected Bank Results"}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.eu\/campus\/#website","url":"https:\/\/ibkrcampus.eu\/campus\/","name":"IBKR Campus EU","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.eu\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/abc12775791de999262b4ab21ec2ce51","name":"Christine Short","description":"Christine Short, Head of Global Corporate Events Research, is focused on publishing research on Wall Street Horizon event data covering 9,500 global equities in the marketplace. Over the past 15 years in the financial data industry, her research has been widely featured in financial news outlets including regular appearances on networks such as CNBC, Fox Business and Yahoo Finance to talk corporate earnings and the economy.","url":"https:\/\/www.interactivebrokers.eu\/campus\/author\/christine-short\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/10\/241021-WeeklyEarningsGraphic1920x1400px.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/199030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/users\/586"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/comments?post=199030"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/199030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media\/199032"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media?parent=199030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/categories?post=199030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/tags?post=199030"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/contributors-categories?post=199030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}