Investing.com - Shinhan reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Shinhan announced earnings per share of 2.04 on revenue of 2.8B. Analysts polled by Investing.com anticipated EPS of 1.73 on revenue of 2.79B.
Shinhan shares are up 27% from the beginning of the year and are trading at 33.50 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 8.2% from the start of the year.
Shinhan follows other major Financial sector earnings this month
Shinhan's report follows an earnings beat by JPMorgan on July 13, who reported EPS of 3.78 on revenue of 31.4B, compared to forecasts EPS of 3.2 on revenue of 29.97B.
Morgan Stanley had beat expectations on July 15 with second quarter EPS of 1.89 on revenue of 14.76B, compared to forecast for EPS of 1.66 on revenue of 14.03B.
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