Investing.com - Raiffeisen Bank reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raiffeisen Bank announced earnings per share of €0.64 on revenue of €1.77B. Analysts polled by Investing.com anticipated EPS of €0.57 on revenue of €1.29B.
Raiffeisen Bank shares are down 35% from the beginning of the year and are trading at €14.395 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 7.73% from the start of the year.
Raiffeisen Bank follows other major Financial sector earnings this month
Raiffeisen Bank's report follows an earnings missed by Erste Group Bank AG on Monday, November 2, 2020, who reported EPS of €0.8 on revenue of €1.81B, compared to forecasts EPS of €0.81 on revenue of €1.76B.
BAWAG had missed expectations on Tuesday, October 27, 2020 with third quarter EPS of €0.9 on revenue of €297.6M, compared to forecast for EPS of €0.91 on revenue of €294.89M.
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