Investing.com - Banco Bpm reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €0.1 on revenue of €1.15B. Analysts polled by Investing.com anticipated EPS of €-0.03 on revenue of €1.07B.
Banco Bpm shares are down 18% from the beginning of the year and are trading at €1.649 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.72% from the start of the year.
Banco Bpm shares lost 100.00% in pre-market trade the report.
Banco Bpm follows other major Financial sector earnings this month
Banco Bpm's report follows an earnings matched by Intesa Sanpaolo on Tuesday, who reported EPS of €0.03 on revenue of €4.66B, compared to forecasts EPS of €0.03 on revenue of €4.48B.
UniCredit had beat expectations on Thursday with third quarter EPS of €0.31 on revenue of €4.36B, compared to forecast for EPS of €0.2 on revenue of €4.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar