Investing.com - Banco Bpm reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €0.1 on revenue of €1.15B. Analysts polled by Investing.com anticipated EPS of €-0.03 on revenue of €1.07B.
Banco Bpm shares are down 18% from the beginning of the year and are trading at €1.649 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.72% from the start of the year.
Banco Bpm shares lost 100.00% in pre-market trade after the report.
Banco Bpm follows other major Financial sector earnings this month
Banco Bpm's report follows an earnings matched by Intesa Sanpaolo on Tuesday, who reported EPS of €0.03 on revenue of €4.66B, compared to forecasts EPS of €0.03 on revenue of €4.48B.
UniCredit had beat expectations on Thursday with third quarter EPS of €0.31 on revenue of €4.36B, compared to forecast for EPS of €0.2 on revenue of €4.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar