Bank earnings kick off this week with no fewer than seven of the biggest names set to report. With the S&P 500 near all-time highs, the results could provide a significant market catalyst.Financials are the third-worst performing S&P 500 sector in 2026. Despite being flat on the year, the options market is pricing in some big moves as investor weigh the impact of higher rates and stretched consumer.
Here's what the options market sees, according to the latest Cboe LiveVol data.Goldman Sachs - Tuesday, Oct. 13
The options market is pricing in a 2.84% move for Goldman Sachs after it reports earnings. Across the last eight reported quarters, the stock has moved just about 2% on average. Only three of those quarters have seen a negative stock reaction, with the most recent being a 1.87% move lower in April.The stock rallied a whopping 9% after July's Q2 report, which is the largest post-earnings move since January, 2019.JPMorgan - Tuesday, Oct. 13
Options are pricing in a move similar to Goldman Sachs for JPMorgan, with a 2.5% implied move inline with its past eight quarter average of 2.22%. Unlike Goldman, JPMorgan's recent reports haven't been met with much positivity. The stock's 2.5% move higher following July's report was its first positive reaction since April, 2025, when it jumped 4% higher.Citigroup - Tuesday, Oct. 13
Citigroup heads into Tuesday's report up 11% on the year, best performance of any of this week's reporting names. Options are pricing in a tame 3% stock reaction in either direction, well below the 3.8% it has averaged across the last eight reported quarters. There is cause for pause, though. Last quarter, the stock surprised to the downside to the tune of 5.3% against a 3.5% implied move.Wells Fargo - Tuesday, Oct. 13