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, still down 7.91% from its 52 week high of $140.00 set on May 26. 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 following 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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