Investing.com - E-TRADE reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
E-TRADE announced earnings per share of $0.88 on revenue of $716M. Analysts polled by Investing.com anticipated EPS of $0.75 on revenue of $675.55M.
E-TRADE shares are up 15% from the beginning of the year and are trading at $52.30 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.16% from the start of the year.
E-TRADE shares gained 0.11% in after-hours trade after the report.
E-TRADE follows other major Financial sector earnings this month
E-TRADE's report follows an earnings beat by JPMorgan on Tuesday, July 14, 2020, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.15 on revenue of $30.41B.
UnitedHealth had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
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