Investing.com - Itau Unibanco reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Itau Unibanco announced earnings per share of 0.08 on revenue of 4.53B. Analysts polled by Investing.com anticipated EPS of 0.09 on revenue of 5.08B.
Itau Unibanco shares are down 51.69% from the beginning of the year, still down 52.98% from its 52 week high of 9.40 set on January 2. 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 UnitedHealth on October 14, who reported EPS of 3.51 on revenue of 65.12B, compared to forecasts EPS of 3.11 on revenue of 63.79B.
JPMorgan had beat expectations on October 13 with third quarter EPS of 2.92 on revenue of 29.94B, compared to forecast for EPS of 2.23 on revenue of 28.22B.
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