Investing.com - UniCredit reported on Friday second quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
UniCredit announced earnings per share of €0.305 on revenue of €4.26B. Analysts polled by Investing.com anticipated EPS of €0.28 on revenue of €4.26B.
UniCredit shares are up 18% from the beginning of the year and are trading at €10.1080 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 7.46% from the start of the year.
UniCredit follows other major Financial sector earnings this month
UniCredit's report follows an earnings matched by Mediobanca on Wednesday, who reported EPS of €0.25 on revenue of €664.8M, compared to forecasts EPS of €0.25 on revenue of €646.4M.
Banca Mediolanum had missed expectations on Thursday with second quarter EPS of €0.19 on revenue of €308.27M, compared to forecast for EPS of €0.2023 on revenue of €312.01M.
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