Investing.com - Banco Bradesco reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Banco Bradesco announced earnings per share of R$0.38 on revenue of R$4.86B. Analysts polled by Investing.com anticipated EPS of R$0.09 on revenue of R$4.9B.
Banco Bradesco shares are down 59.78% from the beginning of the year, still down 57.49% from its 52 week high of R$8.47 set on January 3. They are under-performing the EUR/USD which is down 0% from the start of the year.
Banco Bradesco follows other major Financial sector earnings this month
Banco Bradesco's report follows an earnings beat by JPMorgan on October 13, who reported EPS of R$2.92 on revenue of R$29.94B, compared to forecasts EPS of R$2.23 on revenue of R$28.22B.
UnitedHealth had beat expectations on October 14 with third quarter EPS of R$3.51 on revenue of R$65.12B, compared to forecast for EPS of R$3.11 on revenue of R$63.79B.
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