Investing.com - AIG (NYSE:AIG) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
AIG announced earnings per share of $1.19 on revenue of $11.16B. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $11.3B.
AIG shares are down 8% from the beginning of the year and are trading at $52.27 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.14% from the start of the year.
AIG follows other major Financial sector earnings this month
AIG's report follows an earnings beat by Berkshire Hathaway A on Saturday, who reported EPS of $6302.97 on revenue of $76.18B, compared to forecasts EPS of $4,756.64 on revenue of $73.71B.
JPMorgan had missed expectations on Thursday, July 14, 2022 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
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