Investing.com - Banco Santander (MC:SAN) Brasil ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Banco Santander Brasil ADR announced earnings per share of 0.10 on revenue of 13.42B. Analysts polled by Investing.com anticipated EPS of 0.1986 on revenue of 3.36B.
Banco Santander Brasil ADR shares are down 6.02% from the beginning of the year, still down 12.41% from its 52 week high of 9.27 set on June 16. They are under-performing the EUR/USD which is down 0% from the start of the year.
Banco Santander Brasil ADR follows other major Financial sector earnings this month
Banco Santander Brasil ADR's report follows an earnings beat by JPMorgan on July 13, who reported EPS of 3.78 on revenue of 31.4B, compared to forecasts EPS of 3.2 on revenue of 29.97B.
PayPal Holdings Inc had beat expectations on Wednesday with second quarter EPS of 1.15 on revenue of 6.24B, compared to forecast for EPS of 1.12 on revenue of 6.27B.
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