Investing.com - Raiffeisen Bank reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raiffeisen Bank announced earnings per share of €0.54 on revenue of €1.27B. Analysts polled by Investing.com anticipated EPS of €0.32 on revenue of €1.26B.
Raiffeisen Bank shares are down 29% from the beginning of the year and are trading at €15.850 , down-from-52-week-high.They are broadly in line with the ATX which is down 28.85% from the start of the year.
Raiffeisen Bank shares gained 0.09% in intra-day trade following the report.
Raiffeisen Bank follows other major Financial sector earnings this month
Raiffeisen Bank's report follows an earnings missed by Erste Group Bank AG on Friday, July 31, 2020, who reported EPS of €0.1 on revenue of €1.81B, compared to forecasts EPS of €0.15 on revenue of €1.79B.
BAWAG had missed expectations on Tuesday, July 28, 2020 with second quarter EPS of €0.65 on revenue of €284.2M, compared to forecast for EPS of €0.67 on revenue of €284.2M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar