Investing.com - Raiffeisen Bank reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raiffeisen Bank announced earnings per share of €0.69 on revenue of €1.76B. Analysts polled by Investing.com anticipated EPS of €0.21 on revenue of €1.53B.
Raiffeisen Bank shares are down 56% from the beginning of the year and are trading at €11.200 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.52% from the start of the year.
Raiffeisen Bank follows other major Financial sector earnings this month
Raiffeisen Bank's report follows an earnings beat by Erste Group Bank AG on Friday, who reported EPS of €1.05 on revenue of €2.04B, compared to forecasts EPS of €0.9559 on revenue of €1.99B.
BAWAG had beat expectations on April 26 with first quarter EPS of €1.24 on revenue of €323M, compared to forecast for EPS of €1.17 on revenue of €315.88M.
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