Investing.com - Banco De Chile (NYSE:BCH) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Banco De Chile announced earnings per share of 0.4149 on revenue of 642.5M. Analysts polled by Investing.com anticipated EPS of 0.414 on revenue of 682.19M.
Banco De Chile shares are down 34% from the beginning of the year, still down 30.45% from its 52 week high of 25.12 set on March 18. They are under-performing the Nasdaq which is up 15.57% from the start of the year.
Banco De Chile follows other major Financial sector earnings this month
Banco De Chile's report follows an earnings beat by Bank of America on July 14, who reported EPS of 1.03 on revenue of 21.47B, compared to forecasts EPS of 0.7706 on revenue of 21.8B.
Wells Fargo&Co had beat expectations on July 14 with second quarter EPS of 1.38 on revenue of 20.27B, compared to forecast for EPS of 0.9752 on revenue of 17.76B.
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