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Erste Group Bank AG Earnings, Revenue Beat in Q2

Published 07/30/2021, 09:56 AM

Investing.com - Erste Group Bank AG (OTC:EBKDY) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Erste Group Bank AG announced earnings per share of €1.15 on revenue of €1.96B. Analysts polled by Investing.com anticipated EPS of €1.07 on revenue of €1.92B.

Erste Group Bank AG shares are down 9% from the beginning of the year, still down 5.89% from its 52 week high of €34.95 set on May 25. They are under-performing the S&P Global 100 which is up 16.26% from the start of the year.

Erste Group Bank AG shares gained 1.26% in intra-day trade following the report.

Erste Group Bank AG follows other major Financial sector earnings this month

Erste Group Bank AG's report follows an earnings beat by Raiffeisen Bank on Friday, who reported EPS of €1.13 on revenue of €1.38B, compared to forecasts EPS of €0.6178 on revenue of €1.29B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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