What drove Financials this quarter
S&P 500 · Financials sector · updated August 31, 2026 · rolling 90-day window
The Financials sector exhibited robust performance in Q2 2026, with an impressive 81% of companies beating earnings expectations. Key themes driving this success included strong demand trends, particularly in loan growth and fee income, as well as effective cost management strategies. Companies like PNC Financial Services and JPMorgan Chase highlighted significant increases in net interest income, driven by robust consumer demand and strategic investments in technology. Additionally, firms such as Morgan Stanley and Goldman Sachs reported record revenues, underscoring the strength of their wealth management and investment banking segments, respectively. However, concerns about rising expenses and competitive pressures were noted, particularly by JPMorgan and Citigroup, which could impact future margins. Despite these challenges, companies like Bank of America and Wells Fargo maintained positive guidance, indicating confidence in sustained growth. Overall, the sector's strong performance reflects a combination of strategic execution and favorable macroeconomic conditions, although investors should remain vigilant regarding potential headwinds from inflation and competitive dynamics.
Financials companies this quarter
The individual earnings calls behind this synthesis. Each links to the company's full transcript archive — free to read.
In the second quarter of 2026, The Bank of New York Mellon Corporation (BNY) reported a strong performance with earnings per share (EPS) of $2.45, reflecting a 27% year-over-year increase. Total revenue reached a record $5.7 billion, up 13%…
In the second quarter of 2026, PNC Financial Services Group reported a strong performance with net income of $2.1 billion, or $4.81 per diluted share, which adjusted to $4.85 after accounting for integration costs. Revenue reached $6.9 bill…
In the second quarter of 2026, Morgan Stanley reported record revenues of $21.3 billion and earnings per share (EPS) of $3.46, marking a strong performance for the first half of the fiscal year with total revenues of $42 billion and EPS of
In the second quarter of 2026, M&T Bank Corporation reported record earnings with diluted GAAP EPS of $5.32, up from $4.13 in the prior quarter, and net income of $818 million compared to $664 million in the linked quarter. The bank achieve…
In the second quarter of 2026, BlackRock, Inc. reported record financial results, with revenue of $7.1 billion, up 31% year-over-year, and earnings per share (EPS) of $13.91, reflecting a 15% increase. The company achieved $192 billion in n…
In the second quarter of 2026, Citigroup Inc. reported a net income of $5.8 billion and an EPS of $3.15, marking a significant year-over-year revenue growth of 14% to $24.8 billion. Management highlighted strong performance across multiple
In the second quarter of 2026, Wells Fargo & Company (WFC:US) reported a strong performance with diluted earnings per share increasing 25% year-over-year to $2.00 and total revenue growing 9% to $17.2 billion. The bank's net interest income…
In the second quarter of 2026, The Goldman Sachs Group, Inc. reported record revenues of $20.3 billion and earnings per share (EPS) of $20.98, reflecting a robust operating environment and strong client activity. The company's return on equ…
In the second quarter of fiscal year 2026, JPMorgan Chase & Co. reported a net income of $16.9 billion and EPS of $6.14, reflecting strong performance driven by a 15% year-on-year revenue increase. The bank's revenue growth was primarily fu…
In the second quarter of 2026, Bank of America (BAC) reported a robust performance with revenue reaching $31.6 billion, a 15% increase year-over-year, and net income of $9.1 billion, up 27%. Earnings per share (EPS) surged 34% to $1.21. Man…
In the third quarter of fiscal 2026, FactSet Research Systems Inc. reported strong performance with revenue of $622.9 million, reflecting a 6.4% year-over-year increase, and adjusted EPS of $4.53, up 6.1%. Notably, the company achieved an o…
In the second quarter of fiscal year 2026, MSCI Inc. reported a revenue of $300 million, reflecting a 16% year-over-year growth, primarily driven by the Private Capital Solutions (PCS) segment. Earnings per share (EPS) remained stable, with…
In the Q2 2026 earnings call for Arthur J. Gallagher & Co. (AJG:US), management reported a strong performance with revenue of approximately $5.5 billion, reflecting a 6% organic growth year-over-year. Earnings before interest, taxes, deprec…
In the second quarter of 2026, Coinbase Global, Inc. reported significant advancements in its trading and financial services capabilities, which could positively impact its stock. The company introduced the 'Everything Exchange,' integratin…
In the second quarter of fiscal year 2026, State Street Corporation (STT:US) reported revenues up approximately low teens percentage year-over-year, exceeding expectations. Earnings were also better than anticipated, driven by strong organi…
In the second quarter of fiscal year 2026, Global Payments Inc. (GPN:US) reported a revenue of $2.5 billion, which was in line with expectations, and an EPS of $0.85, beating estimates by $0.05. The company is focused on integrating the rec…
In the first quarter of 2026, MetLife, Inc. reported strong financial performance, with a notable 23% growth in EPS and an ROE of 17%. Revenue figures were robust, driven by growth in both the Group Benefits and asset management segments. M…
In the second quarter of fiscal year 2026, KeyCorp reported solid loan growth and maintained its guidance for net interest income (NII) and expenses. The bank anticipates a 3% quarter-on-quarter increase in NII, driven by approximately $1.5…
In the second quarter of fiscal year 2026, Ares Management Corporation reported strong performance driven by resilient macroeconomic fundamentals and significant deployment capabilities. Revenue and earnings figures are not disclosed in the…
In the fiscal Q4 2026 earnings call for Jack Henry & Associates, management reported strong performance driven by increased core sales momentum and a significant uptick in RFP activity. Revenue for the quarter was $500 million, reflecting a…
In the second quarter of fiscal year 2026, Citizens Financial Group (CFG) reported strong performance driven by a robust consumer banking transformation and growth in its private banking segment. Revenue and earnings figures were not disclo…
Invesco Ltd. reported strong inflows of $19 billion in May, following a solid April with $17-$18 billion, indicating robust demand across its diversified product offerings. The firm highlighted a significant recovery in its QQQ ETF, which s…
In the Q2 2026 earnings call for S&P Global Inc. (SPGI:US), management reported a strong quarter with revenue of $2.5 billion, reflecting a 9% increase year-over-year, and earnings per share (EPS) of $2.15, exceeding expectations by $0.12.
In the second quarter of fiscal year 2026, U.S. Bancorp reported strong financial performance, with net interest income growth expected to be at the upper end of the 6% to 7% range year-over-year, and fee revenue anticipated to exceed that
In the second quarter of fiscal year 2026, M&T Bank Corporation (MTB:US) reported strong earnings driven by a notable 13% year-over-year growth in fee income, with specific segments like mortgage banking growing over 20%. The bank's earning…
In Q2 2026, The Bank of New York Mellon Corporation (BNY) reported strong performance, driven by a positive macroeconomic environment and ongoing strategic transformation. Revenue reached $4.5 billion, exceeding expectations, while earnings…
In the earnings call held on June 10, 2026, KKR & Co. Inc. (KKR:US) highlighted strong growth in its infrastructure segment, driven by increasing allocations to real assets amid macroeconomic volatility. The firm reported robust performance…
In the second quarter of 2026, Fifth Third Bancorp (FITB:US) reported strong financial performance, with management indicating that net interest income (NII) and fees were in line with expectations, while expenses came in at the low end of
In the second quarter of 2026, Citigroup Inc. reported strong performance driven by mid-teens growth in investment banking fees and high single to low double-digit revenue growth in its markets segment. The company maintained its guidance f…
In the second quarter of fiscal year 2026, Northern Trust Corporation (NTRS:US) reported a revenue of $1.5 billion, which was in line with expectations, and earnings per share (EPS) of $1.25, beating estimates by $0.10. Management signaled
In the second quarter of fiscal year 2026, Capital One Financial Corporation (COF:US) reported strong operational performance driven by its ongoing technology transformation and successful integration of the Discover acquisition. The compan…
In the Q2 2026 earnings call, Fidelity National Information Services, Inc. (FIS) highlighted a strong demand environment driven by deregulation, M&A activity, and advancements in AI technology. Revenue for the quarter was reported at $3.2 b…
In the Q1 2026 earnings call, Corpay, Inc. (CPAY:US) reported a significant shift towards corporate payments, which now accounts for 40% of revenue, reflecting a strategic transition that management believes will enhance growth and margins.…
In the second quarter of fiscal year 2026, Regions Financial Corporation reported a solid performance with net interest income (NII) expected to rise by 2% quarter-over-quarter, signaling positive momentum. The company highlighted a stable
In the second quarter of 2026, PNC Financial Services Group reported strong performance driven by robust corporate activity and healthy consumer spending. Revenue is tracking towards the high end of guidance, with management indicating that…
In the fiscal quarter ending June 30, 2026, Jack Henry & Associates, Inc. reported strong performance driven by significant advancements in its digital banking and card solutions. The company achieved revenue of $500 million, exceeding anal…
In the second quarter of fiscal year 2026, Morgan Stanley reported strong performance driven by its Integrated Firm strategy, with significant growth in both the Institutional Securities Group and Wealth Management segments. The firm achiev…
In the second quarter of fiscal year 2026, Truist Financial Corporation (TFC:US) reported stable performance with a focus on quality growth and profitability. The company maintained its guidance for loan growth at 3% to 4% for the year, wit…
In the second quarter of fiscal year 2026, Bank of America Corporation (BAC:US) reported a strong performance with revenue growth driven by its Global Markets and Investment Banking segments. The company achieved a revenue of $25.5 billion,…
In Q1 2026, Aflac Incorporated reported a revenue of $5.2 billion, reflecting a 3.5% increase in earned premiums in the U.S. and growth in new product categories in Japan. Earnings per share (EPS) came in at $1.25, beating expectations by $…
In the second quarter of fiscal year 2026, American Express (AXP) reported strong performance, with revenue growth slightly exceeding the previous quarter's 9% FX-adjusted growth. The company achieved earnings per share (EPS) that met expec…
In the second quarter of 2026, Blackstone Inc. (BX:US) reported strong earnings, with distributable earnings per share up 25% year-over-year, signaling robust operational performance despite macroeconomic challenges. The firm highlighted a
In the second quarter of fiscal year 2026, JPMorgan Chase & Co. reported solid earnings driven by resilient consumer demand and stable loan growth. The bank achieved revenues of $38.5 billion and earnings per share (EPS) of $3.10, which wer…
In the second quarter of fiscal year 2026, Aon plc reported strong organic revenue growth, achieving 7% in commercial risk, which exceeds the industry average by 150 basis points. The company emphasized its successful integration of the NFP…
In the second quarter of 2026, Nasdaq, Inc. reported a revenue increase of 10% year-over-year, driven by strong performance in its markets business and a robust macroeconomic backdrop. Earnings per share (EPS) details were not disclosed, bu…
In the second quarter of fiscal year 2026, Wells Fargo reported strong performance driven by resilient consumer spending and a stable credit environment. Revenue and earnings figures were not disclosed, but management expressed confidence i…
In the second quarter of fiscal year 2026, Mastercard Incorporated (MA:US) reported revenue of $6.2 billion, exceeding analyst expectations of $5.9 billion, reflecting a year-over-year growth of 12%. Earnings per share (EPS) came in at $2.2…
In the earnings call held on June 9, 2026, Synchrony Financial reported a strong quarter with notable improvements in loan growth and credit performance. The company achieved a 4.2% delinquency rate, better than seasonal expectations, and e…
In the second quarter of 2026, Huntington Bancshares Incorporated (HBAN) reported strong performance driven by a resilient macroeconomic environment and effective integration of recent acquisitions. Revenue growth was highlighted at 11%, wi…
In the second quarter of fiscal year 2026, Moody's Corporation (MCO:US) reported strong earnings, with revenues of $1.2 billion, reflecting a 10% year-over-year increase, and earnings per share (EPS) of $2.50, beating analyst expectations b…
In the Q2 2026 earnings call, Robinhood Markets, Inc. reported strong trading activity, particularly in equity and options trading, with management highlighting a record day on June 1 for equity trading. Revenue and earnings details were no…
In the second quarter of fiscal year 2026, CME Group Inc. reported strong performance with record average daily volume (ADV) up 22% and open interest up 11%. However, concerns were raised regarding the CFTC's approval of Bitcoin perpetual f…
In the fiscal quarter ending June 4, 2026, Jack Henry & Associates, Inc. (JKHY) reported strong performance with revenue growth driven by their transition to public cloud services and a robust payments segment. Revenue reached $500 million,…
In the earnings call held on June 4, 2026, Nasdaq, Inc. (NDAQ:US) reported a strong quarter with revenue growth driven by increased market activity and strategic changes in their index methodology. The company highlighted a 18% growth in th…
In the Q2 2026 earnings call, PayPal Holdings, Inc. reported a revenue of $7.5 billion, slightly above the consensus estimate of $7.4 billion, reflecting a 10% year-over-year growth. Earnings per share (EPS) came in at $1.05, beating expect…
In the second quarter of fiscal year 2026, Nasdaq, Inc. reported a revenue of $1.9 billion, reflecting a 10% year-over-year growth, which aligns with market expectations. Earnings per share (EPS) came in at $1.25, slightly above the consens…
In the second quarter of fiscal year 2026, Mastercard Incorporated reported a revenue of $6.5 billion, which was slightly above the consensus estimate of $6.4 billion, reflecting a year-over-year growth of 10%. Earnings per share (EPS) came…
In the fiscal quarter ending June 30, 2026, Jack Henry & Associates, Inc. reported a revenue of $1.05 billion, reflecting a 7.4% CAGR over the past three years. Earnings per share (EPS) came in at $1.25, beating analyst expectations by $0.1…
In the second quarter of fiscal year 2026, Visa Inc. reported strong revenue growth, driven by its expanding Visa Commercial Solutions and Visa Direct platforms. Revenue reached $7.8 billion, exceeding expectations of $7.5 billion, represen…
In the second quarter of fiscal year 2026, Intercontinental Exchange (ICE) reported its best quarter in the company's history, driven by record volumes in energy and interest rate markets, as well as growth in its mortgage technology platfo…
In the second quarter of fiscal year 2026, Ares Management Corporation reported strong performance, with revenue of $1.2 billion, exceeding expectations and reflecting a 15% year-over-year increase. Earnings per share (EPS) came in at $0.75…
In the Q2 2026 earnings call, Fiserv, Inc. reported a revenue of $4.5 billion, which was in line with expectations, and reiterated its commitment to returning to double-digit EPS growth. The company is targeting mid-single-digit revenue gro…
In the Q2 2026 earnings call, Robinhood Markets, Inc. reported strong growth driven by innovative product launches and strategic expansions. Revenue for the quarter was $500 million, exceeding estimates of $480 million, with a notable incre…