Investing.com - Allstate (NYSE:ALL) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allstate announced earnings per share of $3.79 on revenue of $12.65B. Analysts polled by Investing.com anticipated EPS of $3.17 on revenue of $10.67B.
Allstate shares are up 17.28% from the beginning of the year and are trading at $128.00 , down-from-52-week-high.They are broadly in line with the S&P 500 which is up 17.22% from the start of the year.
Allstate shares lost 0.72% in after-hours trade the report.
Allstate follows other major Financial sector earnings this month
Allstate's report follows an earnings beat by Bank of America on July 14, who reported EPS of $1.03 on revenue of $21.47B, compared to forecasts EPS of $0.7706 on revenue of $21.8B.
Wells Fargo&Co had beat expectations on July 14 with second quarter EPS of $1.38 on revenue of $20.27B, compared to forecast for EPS of $0.9752 on revenue of $17.76B.
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