Investing.com - Raiffeisen Bank reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raiffeisen Bank announced earnings per share of €2.54 on revenue of €2.2B. Analysts polled by Investing.com anticipated EPS of €1.01 on revenue of €1.84B.
Raiffeisen Bank shares are down 6% from the beginning of the year and are trading at €12.810 , down-from-52-week-high.They are outperforming the CAC 40 which is down 10.25% from the start of the year.
Raiffeisen Bank follows other major Financial sector earnings this month
Raiffeisen Bank's report follows an earnings beat by Erste Group Bank AG on Monday, who reported EPS of €1.49 on revenue of €2.06B, compared to forecasts EPS of €1.25 on revenue of €2.06B.
BAWAG had beat expectations on Thursday, July 21, 2022 with second quarter EPS of €2.74 on revenue of €650.7M, compared to forecast for EPS of €1.39 on revenue of €321.85M.
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