S&P 500 Financials: 19 of 21 Beat EPS; Revenue Mixed as XLF Lags
S&P 500 financial sector earnings revealed strong EPS performance with 19 of 21 XLF companies beating estimates, but mixed revenue results led to cautious investor reaction. This builds on early Q1 reports from 28 firms where 85% topped EPS amid robust investment banking, net interest income gains, and AI tech strength. While Netflix and Abbott beat but issued weak guidance causing stock drops, broad beats support a constructive S&P 500 outlook despite XLF's 10.12% Q1 decline.