Investing.com - Itau Unibanco reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Itau Unibanco announced earnings per share of 0.1303 on revenue of 5.8B. Analysts polled by Investing.com anticipated EPS of 0.1249 on revenue of 5.78B.
Itau Unibanco shares are up 25.33% from the beginning of the year, still down 30.47% from its 52 week high of 6.76 set on June 17, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Itau Unibanco follows other major Financial sector earnings this month
Itau Unibanco's report follows an earnings beat by JPMorgan on January 14, who reported EPS of 3.33 on revenue of 29.26B, compared to forecasts EPS of 3.01 on revenue of 29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of 0.82 on revenue of 22.06B, compared to forecast for EPS of 0.7652 on revenue of 22.18B.
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