Investing.com - Banco Santander (MC:SAN) Brasil ADR reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Banco Santander Brasil ADR announced earnings per share of 0.2 on revenue of 5.55B. Analysts polled by Investing.com anticipated EPS of 0.2048 on revenue of 3.56B.
Banco Santander Brasil ADR shares are up 12.03% from the beginning of the year, still down 35.10% from its 52 week high of 9.27 set on June 16, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Banco Santander Brasil ADR shares lost 3.75% in intra-day trade following the report.
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 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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