Investing.com - Banco Bradesco reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Banco Bradesco announced earnings per share of 0.1269 on revenue of 5.34B. Analysts polled by Investing.com anticipated EPS of 0.1223 on revenue of 5.48B.
Banco Bradesco shares are down 23% from the beginning of the year and are trading at 3.420 , down-from-52-week-high.They are under-performing the Nasdaq which is down 18.69% from the start of the year.
Banco Bradesco follows other major Financial sector earnings this month
Banco Bradesco's report follows an earnings beat by Berkshire Hathaway A on Tuesday, July 19, 2022, who reported EPS of 4774.01 on revenue of 70.81B, compared to forecasts EPS of 4277.66 on revenue of 70.32B.
JPMorgan had missed expectations on Thursday, July 14, 2022 with second quarter EPS of 2.76 on revenue of 30.72B, compared to forecast for EPS of 2.89 on revenue of 31.86B.
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