Investing.com - Banco Bradesco reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bradesco announced earnings per share of 0.132 on revenue of 5.95B. Analysts polled by Investing.com anticipated EPS of 0.12 on revenue of 5.83B.
Banco Bradesco shares are up 25.22% from the beginning of the year, still down 32.65% from its 52 week high of 5.18 set on June 7, 2021. 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 Berkshire Hathaway A on Monday, who reported EPS of 4774.01 on revenue of 70.81B, compared to forecasts EPS of 4,309.9 on revenue of 70.19B.
JPMorgan had missed expectations on April 13 with first quarter EPS of 2.63 on revenue of 30.72B, compared to forecast for EPS of 2.7 on revenue of 30.66B.
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