Investing.com - Shinhan reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Shinhan announced earnings per share of 2.13 on revenue of 2.8B. Analysts polled by Investing.com anticipated EPS of 1.97 on revenue of 2.77B.
Shinhan shares are up 7.12% from the beginning of the year, still down 15.47% from its 52 week high of 39.17 set on June 1, 2021. They are outperforming 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 April 13, who reported EPS of 2.63 on revenue of 30.72B, compared to forecasts EPS of 2.69 on revenue of 30,856M.
Bank of America had beat expectations on Monday with first quarter EPS of 0.8 on revenue of 23.23B, compared to forecast for EPS of 0.7492 on revenue of 23.18B.
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