Investing.com - Banco Bradesco reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bradesco announced earnings per share of 0.1277 on revenue of 5.02B. Analysts polled by Investing.com anticipated EPS of 0.1059 on revenue of 4.88B.
Banco Bradesco shares are up 27% from the beginning of the year and are trading at 5.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.6% from the start of the year.
Banco Bradesco follows other major Financial sector earnings this month
Banco Bradesco's report follows an earnings beat by JPMorgan on Friday, January 15, 2021, who reported EPS of 3.79 on revenue of 30.16B, compared to forecasts EPS of 2.62 on revenue of 28.67B.
Mastercard had beat expectations on Thursday, January 28, 2021 with fourth quarter EPS of 1.64 on revenue of 4.12B, compared to forecast for EPS of 1.52 on revenue of 4B.
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