Investing.com - Banco Bpm reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Banco Bpm announced earnings per share of €0.045 on revenue of €1.05B. Analysts polled by Investing.com anticipated EPS of €0.04 on revenue of €1.05B.
Banco Bpm shares are up 77% from the beginning of the year and are trading at €2.867 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 20.78% from the start of the year.
Banco Bpm follows other major Financial sector earnings this month
Banco Bpm's report follows an earnings beat by Intesa Sanpaolo on Thursday, who reported EPS of €0.045 on revenue of €5.09B, compared to forecasts EPS of €0.04 on revenue of €4.92B.
UniCredit had beat expectations on October 28 with third quarter EPS of €0.49 on revenue of €4.44B, compared to forecast for EPS of €0.365 on revenue of €4.26B.
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