Stock Market Update
13-Oct-26 15:00 ET
Major averages little changed ahead of more bank earnings
Dow -135.29
at 51715.47,
Nasdaq -50.22
at 27216.12,
S&P -3.87
at 7803.44
[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (-0.2%), and DJIA (-0.3%) are little changed from previous levels as the market enters the final hour of the session.
Tomorrow morning, the market will hear from Morgan Stanley (MS 187.34, -2.68, -1.41%), which heads into its Q3 earnings report following a strong Q2. However, today's bank earnings highlighted sequential moderation in fixed income and investment banking, even as equities remained strong. Investors will be watching whether Morgan Stanley maintained its equities momentum while its Wealth Management business continued generating strong asset flows and fee-based revenue growth.
Bank of America's (BAC 54.13, -0.45, -0.83%) Q3 report, also before the open tomorrow, will test whether deposit and loan growth, fixed-rate asset repricing, and continued fee strength can sustain NII growth near the upper end of its 6%--8% FY26 outlook. Investors will focus on trading and investment-banking revenue following a strong Q2, expense discipline and operating leverage, and whether stable credit quality supports further improvement in profitability.
