Investing.com - Erste Group Bank AG (OTC:EBKDY) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Erste Group Bank AG announced earnings per share of €0.34 on revenue of €1.87B. Analysts polled by Investing.com anticipated EPS of €0.2598 on revenue of €1.79B.
Erste Group Bank AG shares are up 9% from the beginning of the year, still down 17.55% from its 52 week high of €33.13 set on February 26, 2020. They are outperforming the ATX which is up 8.12% from the start of the year.
Erste Group Bank AG shares lost 2.90% in intra-day trade following the report.
Erste Group Bank AG follows other major Financial sector earnings this month
Erste Group Bank AG's report follows an earnings beat by BAWAG on February 9, who reported EPS of €0.93 on revenue of €302.2M, compared to forecasts EPS of €0.9007 on revenue of €302.15M.
Uniqa Insurance AG had missed expectations on February 18 with fourth quarter EPS of €-0.45 on revenue of €1.38B, compared to forecast for EPS of €-0.19 on revenue of €1.37B.
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