Earnings scorecard: 85% of financial companies beat EPS estimates this week: Who missed?
Complete. Here is the key summary85% of financial companies beat EPS estimates this week, with strong performances from PayPal, Visa, Robinhood, KKR, ICE, and Willis Towers Watson. The Financial Select Sector SPDR ETF (XLF) gained 0.07%, underperforming the S&P 500 on a YTD basis. While most firms exceeded profit expectations, Cincinnati Financial and S&P Global missed EPS targets. Revenue beats were seen in 60% of reporters. Upcoming earnings include Apollo Global Management and MetLife.
Financial companies remained in the spotlight this week as investors digested quarterly results from payment companies, insurers, exchanges, brokers, and asset managers. Major names including PayPal (PYPL), Visa (V), Robinhood (HOOD), S&P Global (SPGI), Intercontinental Exchange (ICE), KKR (KKR), and Ares Management (ARES) reported earnings during ...