10AM Hour: Banks Kick-Off Earnings Season, Apple Hits Fresh High, New Anthropic IPO Details 10/13/26
Squawk on the Street
- Published
- October 13, 2026
- Duration
- 43:02
- Summary source
- description
- Last updated
- Oct 13, 2026
Discusses anthropic, investing.
Summary
Big banks kick off earnings season, with results from JPMorgan, Goldman Sachs, Citigroup and Wells Fargo. UBS helps breaks down the numbers and reveals the firm's top picks. Plus, Apple hits an all-time high as it prepares to take on Amazon and Google with new smart home devices. And breaking details on Anthropic's financials ahead of the AI company's pre…
Big bank earnings show resilient consumer spending and AI infrastructure boom, while Goldman's Solomon says $10T data center buildout is underway and Paul Tudor Jones warns 2027 could be a challenging year for stocks.
Key takeaways
- Major bank earnings (JPMorgan, Goldman, Wells Fargo, Citi) show resilient consumer spending with credit card volume up 9–12%, even as higher rates, oil prices, and inflation create headwinds for stretched lower-income consumers.
- Goldman Sachs CEO David Solomon estimates the U.S. AI data center buildout could require over $10 trillion through 2032, averaging ~3.6% of U.S. GDP annually, with compute demand significantly exceeding supply and creating major financing opportunities.
- Anthropic is holding institutional investor meetings with Q3 financials, targeting a ~$100B revenue run rate by year-end and a potential $2 trillion IPO valuation, though accounting comparability with OpenAI and rising interest rates remain key risks.
Why this matters
For B2B professionals, the convergence of robust bank earnings, an AI infrastructure supercycle requiring trillions in capital, and imminent mega-IPOs from Anthropic and OpenAI signals that AI-driven capital allocation is now a primary macroeconomic force reshaping financing, enterprise strategy, and competitive positioning globally.
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10AM Hour: Banks Kick-Off Earnings Season, Apple Hits Fresh High, New Anthropic IPO Details 10/13/26
Squawk on the Street
October 13, 2026
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Show notes
Big banks kick off earnings season, with results from JPMorgan, Goldman Sachs, Citigroup and Wells Fargo. UBS helps breaks down the numbers and reveals the firm's top picks. Plus, Apple hits an all-time high as it prepares to take on Amazon and Google with new smart home devices. And breaking details on Anthropic's financials ahead of the AI company's pre-IPO investor day tomorrow.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about
Themes
- anthropic
- investing