"If you think the JPMorgan and Wells Fargo earnings reports were disappointing, just wait until the fourth quarter if the shutdown continues and a debt default occurs."

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Default Would Be Catastrophic for Big Banks!
by Cyrus Sanati 

FORTUNE -- JPMorgan and Wells Fargo kicked off bank earnings season Friday morning reporting some less-than-stellar results. Weak loan volumes, shrinking net interest margins, legal mishaps, lackluster trading activity, and a lousy mortgage market wreaked havoc on the megabanks during the third quarter. It even pushed JPMorgan into the red for the first time in years. More -- http://goo.gl/m8ZYDI