19 out of 23 financial sector firms beat Q3 earnings: Earnings Scorecard

S&P 500 Financial sector (SP500-40) released 23 earnings last week, which included eight companies from capital markets (SP500-402030), four from financial services (SP500-402010) and eleven from insurance industries (SP500-403010).   

Financial Services heavyweights, which constitutes most of the S&P 500 financial index, including Mastercard (MA), Visa (V), Paypal (PYPL) and Fiserv (FI) reported their financial results this week.

The Financial Select Sector SPDR Fund ETF (XLF) was down 1.4% in the week, falling more than broader S&P500 index ETF (SPY), which fell by 0.7%.

Earnings Recap

Out of the 23 companies that reported their earnings this week, 19 topped analysts' estimates while 4 lagged behind, while on the revenue front, 14 analysts exceeded consensus and 9 trailed consensus.

Paypal (PYPL) gained almost 4% after reporting Q3 results. The company boosted its full-year guidance after Q3 earnings topped the consensus estimate by a handy margin, but issued Q4 earnings on the light side.

Mastercard (MA) and Visa (V) both delivered beat on top and bottom line, albeit both closed slightly lower after reporting results.   

Fiserv (FI) cratered 44% after reporting a big Q3 earnings miss. The company slashed its 2025 EPS guidance range to $8.50-$8.60 (midpoint $8.55) vs. $10.16 consensus and prior outlook of $10.15-$10.30 (midpoint $10.23).

Coinbase (COIN) jumped 4.5% after trading volume growth drives Q3 beat; issues Q4 guide.

With 78% of the companies already having reported their earnings in this quarter, the coming week will feature results from Block (XYZ), American International Group (AIG) and Aflac (AFL) reporting their results.