85% of financial companies beat EPS estimates this week

Seeking Alpha··Read original
2▲3 ▼2Impact / 5
Summary · why it matters

Eighty-five percent of the 20 financial companies that reported earnings this week beat earnings-per-share estimates, with 17 surpassing expectations, two missing, and one matching. Twelve of the 20 companies exceeded revenue forecasts, while eight fell short. Notable beats included PayPal, which posted non-GAAP EPS of $1.38 and raised its full-year guidance to around $5.38, Visa with EPS of $3.32 on revenue of $11.6 billion, and Robinhood with GAAP EPS of $0.62. Among the misses, Cincinnati Financial reported EPS of $1.43, missing by $0.39, and S&P Global also fell short on EPS despite revenue slightly ahead of consensus.

Impact on assets 32

Financials▼
Digital Finance & Tokenization▲
Aging Population▲
Climate Adaptation & Water▲
Cloud & Digital Infrastructure▼
Electrification & Mobility▲
Carbon Removal (DAC)▲
Energy▲