Investing.com - Banco Bpm reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Banco Bpm announced earnings per share of €0.0838 on revenue of €1.19B. Analysts polled by Investing.com anticipated EPS of €0.0788 on revenue of €1.12B.
Banco Bpm shares are down 25% from the beginning of the year, still down 22.86% from its 52 week high of €3.76 set on February 15. They are under-performing the STOXX 600 which is down 11.02% from the start of the year.
Banco Bpm shares lost 0.48% in intra-day trade following the report.
Banco Bpm follows other major Financial sector earnings this month
Banco Bpm's report follows an earnings missed by Anima Holding SpA on Wednesday, who reported EPS of €0.1063 on revenue of €88.6M, compared to forecasts EPS of €0.1167 on revenue of €84.75M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar