Investing.com - Intesa Sanpaolo (BIT:ISP) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Intesa (LON:0HBC) Sanpaolo announced earnings per share of €0.05 on revenue of €5.41B. Analysts polled by Investing.com anticipated EPS of €0.0651 on revenue of €4.95B.
Intesa Sanpaolo shares are down 17% from the beginning of the year and are trading at €1.8800 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.87% from the start of the year.
Intesa Sanpaolo follows other major Financial sector earnings this month
Intesa Sanpaolo's report follows an earnings missed by UniCredit on Thursday, who reported EPS of €0.19 on revenue of €5.02B, compared to forecasts EPS of €0.3049 on revenue of €4.41B.
Banco Bpm had beat expectations on Friday with first quarter EPS of €0.12 on revenue of €1.19B, compared to forecast for EPS of €0.0788 on revenue of €1.12B.
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