Investing.com - Banco Bradesco reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Banco Bradesco announced earnings per share of 0.13 on revenue of 5.25B. Analysts polled by Investing.com anticipated EPS of 0.1313 on revenue of 5.19B.
Banco Bradesco shares are down 12.26% from the beginning of the year, still down 24.39% from its 52 week high of 5.70 set on June 7, 2021. They are under-performing 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 JPMorgan on January 14, who reported EPS of 3.33 on revenue of 29.26B, compared to forecasts EPS of 3.01 on revenue of 29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of 0.82 on revenue of 22.06B, compared to forecast for EPS of 0.7652 on revenue of 22.18B.
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