Investing.com - Discover reported on Wednesday fourth quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Discover announced earnings per share of $3.64 on revenue of $2.94B. Analysts polled by Investing.com anticipated EPS of $3.64 on revenue of $2.99B.
Discover shares are up 2% from the beginning of the year and are trading at $116.60 , down-from-52-week-high.They are outperforming the S&P 500 which is down 4.9% from the start of the year.
Discover shares lost 1.69% in after-hours trade the report.
Discover follows other major Financial sector earnings this month
Discover's report follows an earnings beat by JPMorgan on Friday, 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 Wednesday 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar