Third-quarter earnings season opens Tuesday, October 13, with JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo all reporting — putting credit quality and trading revenue under the microscope after bank stocks dropped sharply into correction territory.
The KBW Bank ETF is down roughly 12% since mid-August even as the S&P 500 touched record highs. The September consumer price index lands Wednesday morning, with consensus around 3.6% headline inflation and 2.5% core, alongside the Federal Reserve's Beige Book. CNBC's Jim Cramer framed the bank selloff as a potential setup for a rally if results beat expectations.
Fresh insider-trade disclosures published this week show notable selling: BioNTech CEO Ugur Sahin sold 27,000 shares (~$2.49M) on October 8 and 36,209 shares (~$3.45M) on October 9 under a pre-arranged 10b5-1 plan, reducing his direct ownership by about 43%. Zymeworks EVP Adam Schayowitz sold 13,832 shares ($357,557) to cover tax withholding on vested equity.
On the buying side, Neogen CEO Mikheal Nassif bought 505 shares ($6,035) and Nippon Life purchased $20.9 million of Corebridge Financial stock. All transactions are disclosed public filings reported for market news purposes only, not investment advice.
