CREDIT DAYBOOK AMERICAS: 3Q Results Arrive as Funding Costs Rise

Earnings season starts Tuesday, including four of the Big Six US banks, which should allow US investment-grade bond sales to pick up following the slowest two weeks since April.

• JPMorgan smashed analysts’ 3Q forecasts, while Wells Fargo boosted a key profitability measure
  • In other earnings news, J&J announced a revenue beat-and-raise alongside a planned separation from its orthopedics business. Meanwhile, GM expects to take a $1.6 billion EV-related charge
• Meanwhile, credit-fear gauges for both high-grade and high-yield opened stronger even though stocks slumpedon fresh US-China trade tensions
  • Both of the credit indexes ended last week at their weakest levels ...