Investing.com - Discover reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Discover announced earnings per share of $5.55 on revenue of $3.58B. Analysts polled by Investing.com anticipated EPS of $4.01 on revenue of $2.86B.
Discover shares are up 32% from the beginning of the year, still down 1.68% from its 52 week high of $127.65 set on July 13. They are outperforming the S&P 500 which is up 16.05% 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 July 13, who reported EPS of $3.78 on revenue of $31.4B, compared to forecasts EPS of $3.2 on revenue of $29.97B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $4.7 on revenue of $71.32B, compared to forecast for EPS of $4.43 on revenue of $69.51B.
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