Twenty of the 26 U.S. financial services companies that reported quarterly earnings between July 22 and July 26 beat analysts' mean EPS estimates, while eight of the 10 U.S. financial technology and payments companies reporting earnings during the period topped consensus estimates.
Among financial services companies, Navient Corp. reported the largest beat, exceeding the mean EPS estimate by 39.4%. Houlihan Lokey Inc. followed with an upside surprise of 21.7%.
AllianceBernstein Holding LP reported the greatest miss of the sector, falling short of consensus by 5.1%.
In the fintech and payments sectors, CoStar Group Inc. and Discover Financial Services had the largest consensus beats, topping estimates by 11.5% and 10.0%, respectively.
LendingTree Inc. had the greatest miss with a 15.7% downside surprise.