Investing.com - Intesa Sanpaolo (MI:ISP) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Intesa Sanpaolo announced earnings per share of €0.01 on revenue of €4.09B. Analysts polled by Investing.com anticipated EPS of €0.04 on revenue of €4.13B.
Intesa Sanpaolo shares are down 21% from the beginning of the year and are trading at €1.8500 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 12.36% 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 Generali on July 29, who reported EPS of €0.47 on revenue of €17.32B, compared to forecasts EPS of €0.5 on revenue of €16.44B.
UniCredit had beat expectations on May 6 with second quarter EPS of €-0.05 on revenue of €4.38B, compared to forecast for EPS of €-0.06 on revenue of €4.38B.
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