Investing.com - Itau Unibanco reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Itau Unibanco announced earnings per share of 0.1345 on revenue of 6.91B. Analysts polled by Investing.com anticipated EPS of 0.148 on revenue of 7.02B.
Itau Unibanco shares are up 19.73% from the beginning of the year, still down 33.58% from its 52 week high of 6.76 set on June 17, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Itau Unibanco shares lost 3.44% in intra-day trade following the report.
Itau Unibanco follows other major Financial sector earnings this month
Itau Unibanco's report follows an earnings beat by Berkshire Hathaway A on May 2, who reported EPS of 4774.01 on revenue of 70.81B, compared to forecasts EPS of 4277.66 on revenue of 70.32B.
JPMorgan had missed expectations on April 13 with first quarter EPS of 2.63 on revenue of 30.72B, compared to forecast for EPS of 2.7 on revenue of 30.66B.
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