Key Highlights

  • Micron (NASDAQ:MU) generated fiscal 2026 Net Income under GAAP of USD 84.97 billion, up from USD 8.54 billion in fiscal 2025.
  • Bank of America (NYSE:BAC) changes hands at USD 49.57, a 0.88% decline, with a Market Capitalisation of USD 343.16 billion, trailing net income of USD 30.51 billion and a P/E of 11.81 in the net income ranking, as of the November 4, 2026 snapshot.
  • JPMorgan Chase (NYSE:JPM) produced third quarter 2026 net income of USD 15.3 billion, or USD 5.57 per diluted share.
  • Alphabet (NASDAQ:GOOGL) recorded third quarter 2026 net income of USD 26.2 billion, roughly 25% lower, despite Revenue up 25% to USD 127.6 billion.

1. Micron (NASDAQ:MU)

In the net income ranking, Micron (NASDAQ:MU) appears at USD 833.59, down 5.78%, with a market capitalisation of USD 943.14 billion, trailing net income of USD 84.97 billion and a P/E of 11.23 as of the November 4, 2026 snapshot. Trailing net income sums the last four quarters, so isolated items can lift or cut it, which makes the quarterly breakdown significant for MU. Micron's guidance for fiscal first quarter 2027 is revenue of USD 61.5 billion, give or take USD 1.5 billion, a gross Margin near 85.95% and EPS of USD 37.84, plus or minus USD 1.00. The screen shows a P/E of 11.23, EPS growth of 878.77% and a Dividend Yield of 0.06%. Fiscal 2026 sales reached USD 133.19 billion, a 256% increase, and diluted EPS stood at USD 74.33. The danger is the cyclical memory market, where profit swings widely with pricing, so a P/E of 11.23 on very high margins may look low near the top of a cycle.

2. Bank of America (NYSE:BAC)

Published coverage reports Bank of America (NYSE:BAC) third quarter 2026 net income of USD 6.9 billion, down 17% from USD 8.3 billion. BAC features in this ranking because the list measures trailing profit after tax, which rewards size and not growth or valuation. Revenue grew 3% to about USD 30 billion and net interest income increased 8% to USD 16.4 billion, while noninterest expense climbed 14% to USD 19.7 billion. The screen lists trailing EPS of USD 4.20, a P/E of 11.81 and a yield of 2.32%. A one-time regulatory settlement charge of around USD 1.2 billion knocked EPS down by USD 0.17, leaving adjusted EPS at USD 1.08 and adjusted net income near USD 8.1 billion, according to the same coverage. The concern is that expenses outgrew revenue, and the settlement figure comes from a single secondary summary and is approximate.

3. JPMorgan Chase (NYSE:JPM)

In the net income ranking, JPMorgan Chase (NYSE:JPM) sits at USD 340.58, up 1.05%, with a market capitalisation of USD 905.33 billion, trailing net income of USD 56.78 billion and a P/E of 14.29 as of the November 4, 2026 snapshot. JPM appears here since the list is built on trailing profit after tax, which values size over growth or valuation. Return on Equity was 17% and return on tangible common equity 20%, with a standardised common equity tier 1 capital ratio near 13.9%, a gauge of loss-absorbing capital relative to risk. Screen data lists trailing EPS of USD 23.84, a P/E of 14.29 and a dividend yield of 1.82%. JPMorgan reported third quarter 2026 net income of USD 15.3 billion, or USD 5.57 per diluted share, and excluding a securities loss the figure was USD 15.8 billion, or USD 5.75. The hazard is that bank profit leans on interest rates and Credit quality, and these figures come from a results summary rather than the filing.

4. Alphabet (NASDAQ:GOOGL)

In the net income ranking, Alphabet (NASDAQ:GOOGL) appears at USD 278.99, down 0.30%, with a market capitalisation of USD 3,401.17 billion, trailing net income of USD 132.17 billion and a P/E of 14.57 as of the November 4, 2026 snapshot. GOOGL belongs here because the list ranks by trailing profit after tax, favouring scale over growth or valuation. Revenue rose 25% to USD 127.6 billion and Operating Income increased 30% to USD 40.6 billion, lifting the Operating Margin to 32% from 31%. A swing to a net non-operating expense of USD 8.2 billion, from net income of USD 12.8 billion a year earlier, explains why profit fell while operating income climbed. The hazard is that non-operating swings can distort the headline profit, and the material reviewed does not describe how the shares reacted to the report.

5. Exxon Mobil (NYSE:XOM)

Exxon Mobil (NYSE:XOM) reported third quarter 2026 Earnings of USD 15.4 billion, or USD 3.72 per share, after timing effects cut USD 2.5 billion. XOM is included as the list orders companies by trailing profit after tax, rewarding size over growth or value. Estimated timing effects lowered adjusted earnings by USD 2.5 billion, or USD 0.61 per share, while identified items added USD 449 million. Operating Cash Flow reached USD 25.7 billion and free cash flow USD 19.1 billion. The Commodity link is the hazard: timing effects alone moved earnings by USD 2.5 billion in the quarter, and the screen has the shares down 4.05%.

Where Things Stand

A low P/E is a measurement rather than a bargain signal. Micron (NASDAQ:MU) at 11.23 reflects very high margins that may be cyclical, BAC at 11.81 sits alongside a settlement charge, JPM at 14.29 and GOOGL at 14.57 are backed by solid results, and XOM at 18.47 hinges on commodity timing. Net income is the residual after all costs, taxes and one-off items, so a large profit points to an established company rather than a cheap share price. Placing profit next to the P/E and the latest quarter shows how much investors pay and what has shifted.