Bank Earnings Open Q3 Season Tuesday as JPMorgan, Goldman and Citi Report; TSMC, ASML and CPI Follow

The third-quarter earnings season begins in earnest on Tuesday, October 13, when JPM, GS, C, WFC, JNJ and UNH report before the open. BAC, MS and ASML follow on Wednesday, and TSM reports before the U.S. open on Thursday. U.S. stock markets are open Monday, but the bond market is closed for Columbus Day.

Consensus calls for JPMorgan to earn $5.90 a share on revenue of $51.19 billion, Bank of America $1.11 on $30.58 billion, and Johnson & Johnson $2.51 on $25.38 billion, according to Seeking Alpha; SentiSense earnings data put Goldman at $12.86, Citigroup at $2.65 and Wells Fargo at $1.85. In chips, analysts expect ASML's third-quarter revenue to rise 56% to $13.13 billion. TSMC has already reported record third-quarter revenue, so investors will focus on fourth-quarter guidance, gross margins and 2027 AI-chip demand; Seeking Alpha's consensus has TSMC earning $4.48 a share on revenue of $45.50 billion.

The macro calendar is just as busy. September consumer price data arrives Wednesday morning, the same day as the Bank of America and Morgan Stanley results, and Apple holds its "Welcome Home" product event on Tuesday. Bank results will show how trading desks and dealmaking fared in the quarter, while TSMC and ASML will test whether AI-driven chip demand is still accelerating.