Investing.com - Banco Bpm reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €0.10 on revenue of €2.00B. Analysts polled by Investing.com anticipated EPS of €-0.03 on revenue of €807.51M.
Banco Bpm shares are down 58% from the beginning of the year and are trading at €1.296 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.83% from the start of the year.
Banco Bpm follows other major Financial sector earnings this month
Banco Bpm's report follows an earnings missed by Intesa Sanpaolo on Wednesday, who reported EPS of €0.01 on revenue of €4.14B, compared to forecasts EPS of €0.04 on revenue of €4.13B.
Generali had missed expectations on July 29 with second quarter EPS of €0.47 on revenue of €17.32B, compared to forecast for EPS of €0.5 on revenue of €16.44B.
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