Investing.com - Raiffeisen Bank reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Raiffeisen Bank announced earnings per share of €1.13 on revenue of €1.38B. Analysts polled by Investing.com anticipated EPS of €0.6178 on revenue of €1.29B.
Raiffeisen Bank shares are down 9% from the beginning of the year, still down 3.79% from its 52 week high of €20.98 set on June 9. They are under-performing the S&P Global 100 which is up 16.26% from the start of the year.
Raiffeisen Bank shares gained 6.24% in intra-day trade following the report.
Raiffeisen Bank follows other major Financial sector earnings this month
Raiffeisen Bank's report follows an earnings beat by Erste Group Bank AG on Friday, who reported EPS of €1.15 on revenue of €1.96B, compared to forecasts EPS of €1.07 on revenue of €1.92B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar