Investing.com - Itau Unibanco reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Itau Unibanco announced earnings per share of 1.93 on revenue of 100.2B. Analysts polled by Investing.com anticipated EPS of 0.1015 on revenue of 5.28B.
Itau Unibanco shares are down 12.15% from the beginning of the year and are trading at 5.35 , down-from-52-week-high.They are under-performing 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 Friday, January 15, 2021, who reported EPS of 3.79 on revenue of 30.16B, compared to forecasts EPS of 2.62 on revenue of 28.67B.
Mastercard had beat expectations on Thursday with fourth quarter EPS of 1.64 on revenue of 4.12B, compared to forecast for EPS of 1.52 on revenue of 4B.
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