World news – Main financial result, sales exceeded in fourth quarter

Investing.com – Principal Financial reported on Thursday the fourth quarter

Merits

This exceeded analysts’ forecasts and revenues that exceeded expectations.

Principal Financial announced earnings per share of $ 1.48 on revenues of $ 3.98 billion. Analysts polled by Investing.com expected earnings per share of $ 1.42 on sales of $ 3.93 billion.

Major financial stocks are down 0% year-to-date, trading at $ 52.55, down from their 52-week high. They underperformed the S&P 500, which is up 0.83% year-to-date.

Principal Financial’s report follows JPMorgan’s earnings jump on Friday, January 15, 2021, which posted earnings per share of Reported $ 3.79 on revenue of $ 30.16 billion, compared with forecast earnings per share of $ 2.62 billion on revenue of $ 28.67 billion.

Mastercard was on Thursday with expectations Earnings per share of $ 1.64 billion on revenue of $ 4.12 billion, compared to a forecast for earnings per share of $ 1.54 billion on revenue of $ 4.02 billion.

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