Investing.com - Banco Bpm reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €-0.16 on revenue of €4.15B. Analysts polled by Investing.com anticipated EPS of €-0.09 on revenue of €1.03B.
Banco Bpm shares are up 13% from the beginning of the year and are trading at €2.174 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 2.85% from the start of the year.
Banco Bpm shares lost 100.00% in pre-market trade the report.
Banco Bpm follows other major Financial sector earnings this month
Banco Bpm's report follows an earnings beat by Intesa Sanpaolo on February 4, who reported EPS of €0.02 on revenue of €5.29B, compared to forecasts EPS of €0.01 on revenue of €4.84B.
FinecoBank had matched expectations on Tuesday with fourth quarter EPS of €0.14 on revenue of €181.6M, compared to forecast for EPS of €0.14 on revenue of €176.74M.
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