RBS (LON:RBS) PLC reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
RBS PLC announced earnings per share of £0.02 on revenue of £3.16B. Analysts polled by anticipated EPS of £0.01 on revenue of £3.01B. That with comparison to EPS of £0.06 on revenue of £3.04B in the same period a year before. RBS PLC had reported EPS of £0.12 on revenue of £4.23B in the previous quarter. Analysts are expecting EPS of £0.05 and revenue of £2.92B in the upcoming quarter.
RBS PLC shares are down 52% from the beginning of the year , still down 57.26% from its 52 week high of £265.00 set on December 13, 2019. They are under-performing the FTSE 100 which is down 23.59% year to date.
RBS PLC follows other major Financial sector earnings this month
RBS PLC's report follows an earnings missed by HSBC on Tuesday, who reported EPS of £0.07 on revenue of £10.72B, compared to forecasts EPS of £0.1 on revenue of £10.51B.
Lloyds Banking had beat expectations on Thursday with first quarter EPS of £0.01 on revenue of £3.95B, compared to forecast for EPS of £0 on revenue of £4.29B.
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