Investing.com - Allstate (NYSE:ALL) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Allstate announced earnings per share of $2.75 on revenue of $13.01B. Analysts polled by Investing.com anticipated EPS of $2.78 on revenue of $10.07B.
Allstate shares are down 0% from the beginning of the year and are trading at $115.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.71% from the start of the year.
Allstate shares lost 2.29% in after-hours trade the report.
Allstate follows other major Financial sector earnings this month
Allstate's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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