Investing.com - Discover reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Discover announced earnings per share of $2.59 on revenue of $2.82B. Analysts polled by Investing.com anticipated EPS of $2.36 on revenue of $2.8B.
Discover shares are up 10% from the beginning of the year and are trading at $99.96 , down-from-52-week-high.They are outperforming the S&P 500 which is up 2.51% from the start of the year.
Discover follows other major Financial sector earnings this month
Discover's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.
UnitedHealth had beat expectations on Wednesday with fourth quarter EPS of $2.52 on revenue of $65.47B, compared to forecast for EPS of $2.41 on revenue of $64.97B.
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