Investing.com - Santander (MC:SAN) Mexico B ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Santander Mexico B ADR announced earnings per share of Mex$0.1754 on revenue of Mex$1.03B. Analysts polled by Investing.com anticipated EPS of Mex$0.1727 on revenue of Mex$1.08B.
Santander Mexico B ADR shares are up 13.4% from the beginning of the year and are trading at Mex$5.840 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Santander Mexico B ADR follows other major Financial sector earnings this month
Santander Mexico B ADR's report follows an earnings beat by Bank of America on July 14, who reported EPS of Mex$1.03 on revenue of Mex$21.47B, compared to forecasts EPS of Mex$0.7706 on revenue of Mex$21.8B.
Wells Fargo&Co had beat expectations on July 14 with second quarter EPS of Mex$1.38 on revenue of Mex$20.27B, compared to forecast for EPS of Mex$0.9752 on revenue of Mex$17.76B.
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