Investing.com - Cincinnati Financial (NASDAQ:CINF) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cincinnati Financial announced earnings per share of $1.79 on revenue of $1.59B. Analysts polled by Investing.com anticipated EPS of $0.9869 on revenue of $1.54B.
Cincinnati Financial shares are up 57% from the beginning of the year and are trading at $113.70 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.17% from the start of the year.
Cincinnati Financial follows other major Financial sector earnings this month
Cincinnati Financial's report follows an earnings beat by Bank of America on Wednesday, July 14, 2021, 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 Wednesday, July 14, 2021 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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