Investing.com - Itau Unibanco reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Itau Unibanco announced earnings per share of 0.1072 on revenue of 5.73B. Analysts polled by Investing.com anticipated EPS of 0.1216 on revenue of 5.68B.
Itau Unibanco shares are down 3.45% from the beginning of the year, still down 13.02% from its 52 week high of 6.76 set on June 17. They are under-performing the EUR/USD which is down 0% 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 JPMorgan on July 13, who reported EPS of 3.78 on revenue of 31.4B, compared to forecasts EPS of 3.2 on revenue of 29.97B.
PayPal Holdings Inc had beat expectations on July 28 with second quarter EPS of 1.15 on revenue of 6.24B, compared to forecast for EPS of 1.12 on revenue of 6.27B.
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