Investing.com - Banca Mediolanum reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banca Mediolanum announced earnings per share of €0.18 on revenue of €524.0M. Analysts polled by Investing.com anticipated EPS of €0.1415 on revenue of €306.97M.
Banca Mediolanum shares are up 28.54% from the beginning of the year, still down 7.74% from its 52 week high of €9.89 set on October 15. They are outperforming the EUR/USD which is down 0% from the start of the year.
Banca Mediolanum shares gained 1.22% in intra-day trade following the report.
Banca Mediolanum follows other major Financial sector earnings this month
Banca Mediolanum's report follows an earnings beat by Intesa Sanpaolo on November 4, who reported EPS of €0.05 on revenue of €5.09B, compared to forecasts EPS of €0.045 on revenue of €4.96B.
UniCredit had beat expectations on October 28 with third quarter EPS of €0.49 on revenue of €4.44B, compared to forecast for EPS of €0.365 on revenue of €4.26B.
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