Investing.com - Caixabank reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Caixabank announced earnings per share of €0.59 on revenue of €2.08B. Analysts polled by Investing.com anticipated EPS of €0.52 on revenue of €2.05B.
Caixabank shares are up 28% from the beginning of the year, still down 1.82% from its 52 week high of €2.74 set on May 4. They are outperforming the STOXX 600 which is up 11.5% from the start of the year.
Caixabank follows other major Financial sector earnings this month
Caixabank's report follows an earnings beat by Santander on April 28, who reported EPS of €0.116 on revenue of €11.39B, compared to forecasts EPS of €0.0967 on revenue of €11.14B.
BBVA had beat expectations on April 30 with first quarter EPS of €0.165 on revenue of €5.16B, compared to forecast for EPS of €0.135 on revenue of €5.08B.
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