Investing.com - Allianz (DE:ALVG) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Allianz announced earnings per share of €3.68 on revenue of €30.9B. Analysts polled by Investing.com anticipated EPS of €3.96 on revenue of €32.77B.
Allianz shares are down 17% from the beginning of the year and are trading at €180.42 , down-from-52-week-high.They are under-performing the S&P Global (NYSE:SPGI) 100 which is up 4.26% from the start of the year.
Allianz follows other major Financial sector earnings this month
Allianz's report follows an earnings missed by Deutsche Boerse on Tuesday, July 28, 2020, who reported EPS of €1.57 on revenue of €777.5M, compared to forecasts EPS of €1.59 on revenue of €770.69M.
Deutsche Bank AG had beat expectations on Wednesday, July 29, 2020 with second quarter EPS of €0.16 on revenue of €6.29B, compared to forecast for EPS of €0.03 on revenue of €6.13B.
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