Investing.com - AIG (NYSE:AIG) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AIG announced earnings per share of $1.58 on revenue of $11.54B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $11.47B.
AIG shares are up 6% from the beginning of the year and are trading at $60.34 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.11% from the start of the year.
AIG follows other major Financial sector earnings this month
AIG's report follows an earnings beat by Bank of America on January 19, who reported EPS of $0.82 on revenue of $22.06B, compared to forecasts EPS of $0.7652 on revenue of $22.18B.
Morgan Stanley had beat expectations on January 19 with fourth quarter EPS of $2.08 on revenue of $14.52B, compared to forecast for EPS of $1.94 on revenue of $14.56B.
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