Investing.com - Discover reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Discover announced earnings per share of $3.96 on revenue of $3.22B. Analysts polled by Investing.com anticipated EPS of $3.76 on revenue of $3.18B.
Discover shares are down 4% from the beginning of the year and are trading at $109.80 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Discover follows other major Financial sector earnings this month
Discover's report follows an earnings missed by JPMorgan on July 14, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
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