Investing.com - BBVA (BME:BBVA) ADR reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BBVA ADR announced earnings per share of €0.2524 on revenue of €6.25B. Analysts polled by Investing.com anticipated EPS of €0.1877 on revenue of €5.84B.
BBVA ADR shares are down 14.31% from the beginning of the year and are trading at €5.250 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
BBVA ADR shares gained 4.37% in pre-market trade the report.
BBVA ADR follows other major Financial sector earnings this month
BBVA ADR's report follows an earnings missed by JPMorgan on April 13, who reported EPS of €2.63 on revenue of €30.72B, compared to forecasts EPS of €2.7 on revenue of €30.66B.
Bank of America had beat expectations on April 18 with first quarter EPS of €0.8 on revenue of €23.23B, compared to forecast for EPS of €0.7495 on revenue of €23.13B.
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