Investing.com - Banco Bpm reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €0.0838 on revenue of €1.19B. Analysts polled by Investing.com anticipated EPS of €0.0788 on revenue of €1.12B.
Banco Bpm shares are up 10% from the beginning of the year and are trading at €2.904 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 11.07% from the start of the year.
Banco Bpm shares lost 0.41% in intra-day trade the report.
Banco Bpm follows other major Financial sector earnings this month
Banco Bpm's report follows an earnings missed by Anima Holding SpA on Wednesday, who reported EPS of €0.1063 on revenue of €88.6M, compared to forecasts EPS of €0.1167 on revenue of €84.75M.
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