Investing.com - Principal Financial (NASDAQ:PFG) reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Principal Financial announced earnings per share of $1.85 on revenue of $3.78B. Analysts polled by Investing.com anticipated EPS of $1.65 on revenue of $3.8B.
Principal Financial shares are up 3% from the beginning of the year, still down 3.53% from its 52 week high of $77.68 set on January 12. They are outperforming the S&P 500 which is down 5.92% from the start of the year.
Principal Financial follows other major Financial sector earnings this month
Principal Financial's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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