Investing.com - Banco de Sabadell reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco de Sabadell announced earnings per share of €0.07 on revenue of €2.78B. Analysts polled by Investing.com anticipated EPS of €0.025 on revenue of €1.15B.
Banco de Sabadell shares are up 7% from the beginning of the year and are trading at €0.6388 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 11.28% from the start of the year.
Banco de Sabadell follows other major Financial sector earnings this month
Banco de Sabadell's report follows an earnings beat by Santander on Thursday, who reported EPS of €0.131 on revenue of €12.82B, compared to forecasts EPS of €0.1264 on revenue of €12.63B.
Mapfre had beat expectations on Thursday with second quarter EPS of €0.06 on revenue of €4.71B, compared to forecast for EPS of €0.04 on revenue of €4.53B.
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