State Street (STT) news that moved the stock

What happened

Goldman Sachs reported Q3 earnings of $17.01 per share, well above the $12.86 consensus, on revenue of $18.68 billion versus $16.83 billion expected, up 23% year over year. Global banking and markets revenue jumped 32% to $13.46 billion, investment-banking fees surged 21% on higher advisory and equity underwriting, FICC revenue was essentially flat, and asset and wealth management revenue rose 14% versus 3% expected growth. JPMorgan Chase reported $5.75 per share on $50.9 billion in revenue, missing consensus of $5.93 and $51.23 billion; consumer and community banking revenue rose 9%, commercial and investment bank revenue rose 14% with banking fees up 14% and markets revenue up 15%, but FICC trading fell 4% while equities markets revenue jumped 49%, and asset and wealth management revenue of $6.9 billion fell short of $7.55 billion expected. Wells Fargo earned $1.87 per share, just above the $1.85 estimate, on revenue of $21.87 billion, up 2% but below the $22.31 billion expected. CEO Jamie Dimon said the U.S. economy continued to be fueled by strong business investment and ongoing consumer spending, but warned that large fiscal deficits, sticky inflation, elevated asset prices, rising interest rates and geopolitical conditions continue to shift under the surface.