10AM Hour: Banks Kick-Off Earnings Season, Apple Hits Fresh High, New Anthropic IPO Details 10/13/26

Bank earnings and Goldman's $10T AI-capex estimate underscore resilient growth even as rates, chip-stock jitters and Anthropic's pre-IPO numbers loom large.

• Bank earnings resilient: JPMorgan, Goldman, Citi and Wells Fargo all beat on consumer spending, with card issuances up 9-12%; Goldman's Solomon cited $10T+ in AI data-center investment through 2032.
• UBS favors Morgan Stanley: Analyst Erica Najarian says Morgan Stanley has the best growth story now via wealth management and AI-capex-linked institutional business; Wells Fargo still mid-transition from remediation to growth.

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