US financials: earnings beat estimates more often than revenue this week
According to Seeking Alpha, US financial firms beat third-quarter EPS estimates more often than revenue, while the XLF lagged the S&P 500 this year.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Seeking Alpha, financial stocks rose 2.35% over the week, while the S&P 500 fell 0.45%. Year to date, though, the sector still trails: XLF is up 3.33%, against 11.95% for the S&P 500.
Banks, insurers, consumer lenders and capital-markets firms reported this week. Eight companies beat revenue estimates and seven fell short, a beat rate of roughly 53.3%. Earnings were stronger: Capital One, Chubb, CME Group and Nasdaq topped EPS forecasts, while Blackstone and American Express missed on revenue.
why it matters
Record trading activity at CME Group and Nasdaq points to continued strength in exchange businesses. Profits beating revenue forecasts suggests part of the gains came from costs and one-off items, so investors will watch loan growth, capital levels and 2026 guidance.
market impact
US financials: EPS beats outpace revenue, supporting banks and exchanges while the sector still lags the market
instruments
sources
- Earnings Scorecard: Financials log 80% EPS beat rate vs. revenue this week — Seeking Alpha, 24 October 2026 at 14:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗