Investing.com - Banco Bpm reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €0.05 on revenue of €1.13B. Analysts polled by Investing.com anticipated EPS of €0.03 on revenue of €1.06B.
Banco Bpm shares are up 7% from the beginning of the year and are trading at €2.462 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 10.52% from the start of the year.
Banco Bpm follows other major Financial sector earnings this month
Banco Bpm's report follows an earnings beat by Intesa Sanpaolo on Thursday, who reported EPS of €0.055 on revenue of €5.61B, compared to forecasts EPS of €0.05 on revenue of €5.07B.
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