Investing.com - Shinhan reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Shinhan announced earnings per share of 0.7196 on revenue of 2.69B. Analysts polled by Investing.com anticipated EPS of 1.13 on revenue of 2.55B.
Shinhan shares are down 12% from the beginning of the year, still down 15.39% from its 52 week high of 39.17 set on June 1, 2021. They are under-performing the S&P 500 which is down 3.76% from the start of the year.
Shinhan follows other major Financial sector earnings this month
Shinhan's report follows an earnings beat by JPMorgan on January 14, who reported EPS of 3.33 on revenue of 29.26B, compared to forecasts EPS of 3.01 on revenue of 29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of 0.82 on revenue of 22.06B, compared to forecast for EPS of 0.7652 on revenue of 22.18B.
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