Investing.com - Discover reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Discover announced earnings per share of $3.96 on revenue of $3.22B. Analysts polled by Investing.com anticipated EPS of $3.76 on revenue of $3.18B.
Discover shares are down 4% from the beginning of the year and are trading at $109.80 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Discover follows other major Financial sector earnings this month
Discover's report follows an earnings missed by JPMorgan on Thursday, July 14, 2022, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar