Investing.com - Banco Bpm reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €0.085 on revenue of €1.2B. Analysts polled by Investing.com anticipated EPS of €0.035 on revenue of €1.08B.
Banco Bpm shares are up 30% from the beginning of the year and are trading at €2.551 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.92% 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 Tuesday, who reported EPS of €0.08 on revenue of €5.18B, compared to forecasts EPS of €0.045 on revenue of €4.96B.
Assicurazioni Generali had beat expectations on Tuesday with second quarter EPS of €0.5075 on revenue of €16.63B, compared to forecast for EPS of €0.4852 on revenue of €15.5B.
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