Investing.com - Banco Bradesco reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Banco Bradesco announced earnings per share of R$0.08 on revenue of R$4.99B. Analysts polled by Investing.com anticipated EPS of R$0.1 on revenue of R$4.94B.
Banco Bradesco shares are down 51.4% from the beginning of the year and are trading at R$4.35 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Banco Bradesco shares lost 4.18% in intra-day trade after the report.
Banco Bradesco follows other major Financial sector earnings this month
Banco Bradesco's report follows an earnings beat by Mastercard on Thursday, who reported EPS of R$1.36 on revenue of R$3.34B, compared to forecasts EPS of R$1.16 on revenue of R$3.25B.
JPMorgan had beat expectations on Tuesday, July 14, 2020 with second quarter EPS of R$1.38 on revenue of R$33.82B, compared to forecast for EPS of R$1.15 on revenue of R$30.41B.
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