Investing.com - Banco Bradesco reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Banco Bradesco announced earnings per share of 0.1237 on revenue of 5.14B. Analysts polled by Investing.com anticipated EPS of 0.1275 on revenue of 5.09B.
Banco Bradesco shares are up 34.01% from the beginning of the year, still down 20.18% from its 52 week high of 5.70 set on June 7. They are outperforming 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 Bank of America on July 14, who reported EPS of 1.03 on revenue of 21.47B, compared to forecasts EPS of 0.7706 on revenue of 21.8B.
Wells Fargo&Co had beat expectations on July 14 with second quarter EPS of 1.38 on revenue of 20.27B, compared to forecast for EPS of 0.9752 on revenue of 17.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar