Investing.com - Lincoln National reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lincoln National announced earnings per share of $3.17 on revenue of $4.85B. Analysts polled by Investing.com anticipated EPS of $2.46 on revenue of $4.75B.
Lincoln National shares are up 18% from the beginning of the year and are trading at $61.07 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.22% from the start of the year.
Lincoln National follows other major Financial sector earnings this month
Lincoln National'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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