Investing.com - Itau Unibanco reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Itau Unibanco announced earnings per share of 0.08 on revenue of 5.67B. Analysts polled by Investing.com anticipated EPS of 0.09 on revenue of 5.53B.
Itau Unibanco shares are down 45.68% from the beginning of the year and are trading at 4.97 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Itau Unibanco shares lost 0.80% in intra-day trade after the report.
Itau Unibanco follows other major Financial sector earnings this month
Itau Unibanco's report follows an earnings beat by Mastercard on Thursday, who reported EPS of 1.36 on revenue of 3.34B, compared to forecasts EPS of 1.17 on revenue of 3.25B.
JPMorgan had beat expectations on Tuesday, July 14, 2020 with second quarter EPS of 1.38 on revenue of 33.82B, compared to forecast for EPS of 1.15 on revenue of 30.41B.
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