13 of 18 financial stocks post earnings beats – Earnings Scorecard

In this week’s earnings recap, 18 companies belonging to the S&P 500 financial sector (NYSEARCA:XLF) reported their business performance for the quarter ended September.

In the third quarter, XLF had advanced 10%, exceeding SPY’s rise of 5.2%. QTD, XLF has risen 3.4%, above SPY’s 1.8% rise.

Earnings recap

This week saw 18 financial stocks belonging to the S&P 500 index report results, of which 13 companies reported an earnings beat, four companies reported a miss and one posted in-line EPS.

On the revenue side, 11 companies exceeded revenue consensus, while seven companies trailed estimates.

Below are the latest quarterly reports from five companies, which reported their results:

Invesco’s (IVZ) Q3 earnings slightly topped Wall Street expectations as the firm recorded a new all-time high in assets under management and garnered strong net inflows.

Credit card company Capital One Financial’s (COF) Q3 top and bottom lines exceeded Wall Street estimates as its revenue climbed amid stable credit quality.

Northern Trust (NTRS) turned in Q3 earnings and revenue that topped Wall Street expectations, owing to strong net interest income, as well as broad-based fee growth and well-controlled expenses.

Ameriprise Financial (AMP) Q3 earnings topped the Wall Street consensus estimate, helped by flows into fee-based investment advisory accounts.

Principal Financial Group (PFG) reported Q3 non-GAAP EPS of $2.05, which beats by $0.04.

At the industry level, one bank, eight capital markets, one consumer finance, two financial services and six insurance companies reported earnings this week.

QTD, 43 out of 160 companies that have reported earnings so far are a part of the financial sector.

Notable financial firms reporting results next week include, PayPal Holdings (PYPL), Visa (V), Mastercard (MA), Prudential Financial (PRU) and T. Rowe Price Group (TROW), among others.