Investing.com - Allianz (DE:ALVG) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allianz announced earnings per share of €4.39 on revenue of €35.6B. Analysts polled by Investing.com anticipated EPS of €4.08 on revenue of €19.02B.
Allianz shares are up 4% from the beginning of the year and are trading at €196.80 , down-from-52-week-high.They are outperforming the FTSE 100 which is up 2.5% from the start of the year.
Allianz shares gained 0.92% in intra-day trade after the report.
Allianz follows other major Financial sector earnings this month
Allianz's report follows an earnings beat by Deutsche Boerse on Thursday, February 11, 2021, who reported EPS of €1.51 on revenue of €814M, compared to forecasts EPS of €1.42 on revenue of €791.18M.
Deutsche Bank AG had beat expectations on Thursday, February 4, 2021 with fourth quarter EPS of €0.1452 on revenue of €5.49B, compared to forecast for EPS of €-0.0205 on revenue of €5.5B.
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