Investing.com - Shinhan reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Shinhan announced earnings per share of 1.79 on revenue of 2.66B. Analysts polled by Investing.com anticipated EPS of 1.89 on revenue of 2.72B.
Shinhan shares are down 5.11% from the beginning of the year, still down 11.49% from its 52 week high of 39.17 set on June 1. They are under-performing the Nasdaq which is up 18.21% 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 October 13, who reported EPS of 3.74 on revenue of 30.44B, compared to forecasts EPS of 3 on revenue of 29.79B.
UnitedHealth had beat expectations on October 14 with third quarter EPS of 4.52 on revenue of 72.34B, compared to forecast for EPS of 4.42 on revenue of 71.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar