Quarterly Earnings: Wall Street Awaits TSMC and Tech Stocks After Mixed Bank Earnings Reports

High expectations around TSMC and semiconductors

Taiwan Semiconductor Manufacturing Company is about to release its third quarter financial results, an event closely monitored by the U.S. financial centre, reports CNBC. According to the consensus established by FactSet, analysts expect a net profit of $4.45 per share for the Taiwanese foundry, against a forecast of $3.42 in January. The group has a particularly steady operating balance sheet, having exceeded market expectations in 19 of the last 20 quarters, with an overperformance of 10.8% recorded in the second quarter, according to data reported by CNBC.

At the same time, JPMorgan and Citigroup analysts expect a further increase in the semiconductor manufacturer's revenues, after an already historic level in the third quarter, says Dow Jones. In the equity market, the TSMC title ended the session of October 13, 2026 to $445.12, marking a slight increase of 0.17%, according to Yahoo Finance. The guidance provided by the group on component demand will serve as a benchmark for the entire chain, particularly for Nvidia and other chip manufacturers, CNBC explains.

Technology at the heart of the results season

TSMC's expected publication is part of a third-quarter results season where requirements for the technology sector are very high. According to FactSet, quoted by CNBC, the profit forecast for all technological values is expected to grow by 65%, up significantly from the 57% estimate made three months earlier. This increase in expectations is mainly supported by favourable revisions concerning Nvidia, Micron Technology and Dell Technologies.

The technology sector accounts for approximately 40% of the S&P 500 index and represents approximately one third of the $800 billion in expected profits this quarter, CNBC notes. Market participants seek to verify whether investment in artificial intelligence and infrastructure continue to withstand energy costs and interest rates. According to FactSet, the overall consensus is that the S&P 500 will grow by almost 30% over a year, compared to about 27% expected three months ago.

Contrast publications on the side of large banks

Prior to the announcement of the technology sector, the quarterly results season began with the balance sheets of the major US banks. According to CNBC, JPMorgan Chase, Wells Fargo, Goldman Sachs and Citigroup provided their figures, showing divergent trajectories. JPMorgan Chase disappointed with expectations, while his share sold 0.86% to $331.43 at the October 13, 2026 session, according to Yahoo Finance. On the other hand, Goldman Sachs exceeded the revenue and profit per share projections, supported by its equity trading activity, says CNBC.

Investment bank commissions generally declined compared to the second quarter. At JPMorgan, revenues from this division grew by 14% year-on-year, but fell by 8% on a quarterly basis, although Chief Financial Officer Jeremy Barnum found the portfolio of operations to be very strong, CNBC reports. Goldman Sachs saw an annual increase of 21% in these commissions, but a sequential decline of 5%. Its Managing Director David Solomon noted a slowdown in stock market introductions in September, with some valuations being 10% to 15% below initial expectations. Citigroup, for their part, saw a sequential decrease of 13% in its commissions and Wells Fargo a decrease of 5%.

Differences in the impact of rates and infrastructure

Financial leaders also commented on the health of the economy and the risks to businesses. David Solomon, Managing Director of Goldman Sachs, warned that a painful adjustment could affect investments in artificial intelligence infrastructure if the increase in credit or excess capacity undermined the profitability of some data centre projects, CNBC reports. Wells Fargo, by the voice of its financial director Mike Santomassimo, on the other hand, stressed the solidity of consumption and businesses, not observing any tension on credit crime rates. For her part, Jane Fraser, CEO of Citigroup, found that the global economy showed remarkable resistance.

In the markets, the S&P 500 index was almost unchanged at 7,805.45 points during the October 13, 2026 session, with a marginal decline of 0.02%, according to Yahoo Finance. Despite the pressure on interest rates, Goldman Sachs' strategists have adopted a recommendation to overweight stocks, anticipating a moderation of inflation in 2027, while UBS' Ulrike Hoffmann-Burchardi predicts an increase in the index to 8,400 points by June next year, CNBC concludes.