Investing.com - Itau Unibanco reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Itau Unibanco announced earnings per share of 0.1018 on revenue of 5.56B. Analysts polled by Investing.com anticipated EPS of 0.1065 on revenue of 5.07B.
Itau Unibanco shares are down 13% from the beginning of the year, still down 20.28% from its 52 week high of 6.36 set on December 17, 2020. They are under-performing the Nasdaq which is up 7.81% from the start of the year.
Itau Unibanco follows other major Financial sector earnings this month
Itau Unibanco's report follows an earnings beat by Berkshire Hathaway on Saturday, who reported EPS of 4571.96 on revenue of 67.48B, compared to forecasts EPS of 3818.2 on revenue of 63.41B.
JPMorgan had beat expectations on April 14 with first quarter EPS of 4.5 on revenue of 33.12B, compared to forecast for EPS of 3.1 on revenue of 30.49B.
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