Investing.com - Shinhan reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Shinhan announced earnings per share of 1.93 on revenue of 2.62B. Analysts polled by Investing.com anticipated EPS of 1.63 on revenue of 2.51B.
Shinhan shares are down 15% from the beginning of the year and are trading at 28.39 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.9% from the start of the year.
Shinhan shares gained 0.04% in intra-day trade the report.
Shinhan follows other major Financial sector earnings this month
Shinhan's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of 3.51 on revenue of 65.12B, compared to forecasts EPS of 3.11 on revenue of 63.79B.
JPMorgan had beat expectations on October 13 with third quarter EPS of 2.92 on revenue of 29.94B, compared to forecast for EPS of 2.23 on revenue of 28.22B.
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