Investing.com - Shinhan reported on Saturday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Shinhan announced earnings per share of 1.92 on revenue of 2.67B. Analysts polled by Investing.com anticipated EPS of 1.89 on revenue of 2.73B.
Shinhan shares are down 12.68% from the beginning of the year, still down 22.71% from its 52 week high of 34.92 set on May 31. They are under-performing the EUR/USD which is down 0% from the start of the year.
Shinhan follows other major Financial sector earnings this month
Shinhan's report follows an earnings missed by JPMorgan on July 14, who reported EPS of 2.76 on revenue of 30.72B, compared to forecasts EPS of 2.89 on revenue of 31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of 0.73 on revenue of 22.69B, compared to forecast for EPS of 0.7485 on revenue of 22.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar