Investing.com - Banco Bpm reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €0.0448 on revenue of €1.09B. Analysts polled by Investing.com anticipated EPS of €0.0387 on revenue of €1.02B.
Banco Bpm shares are up 13% from the beginning of the year and are trading at €3.197 , down-from-52-week-high.They are outperforming the AEX which is down 3.6% 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 February 3, who reported EPS of €0.02 on revenue of €5.02B, compared to forecasts EPS of €0.0047 on revenue of €4.97B.
UniCredit had beat expectations on January 27 with fourth quarter EPS of €0.3529 on revenue of €4.44B, compared to forecast for EPS of €0.2786 on revenue of €4.24B.
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