Investing.com - Banca Mediolanum reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banca Mediolanum announced earnings per share of €0.13 on revenue of €446.0M. Analysts polled by Investing.com anticipated EPS of €0.11 on revenue of €426M.
Banca Mediolanum shares are down 30% from the beginning of the year, still down 24.47% from its 52 week high of €9.38 set on December 6, 2019. They are under-performing the STOXX 600 which is down 7.56% from the start of the year.
Banca Mediolanum shares gained 1.29% in intra-day trade following the report.
Banca Mediolanum follows other major Financial sector earnings this month
Banca Mediolanum's report follows an earnings matched by Intesa Sanpaolo on November 3, who reported EPS of €0.03 on revenue of €4.66B, compared to forecasts EPS of €0.03 on revenue of €4.35B.
UniCredit had beat expectations on Saturday with third quarter EPS of €0.48 on revenue of €4.71B, compared to forecast for EPS of €0.46 on revenue of €4.7B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar