The impact of comprehensive income (CI) in banks and financial institutions, in terms of value relevance compared to net income (NI), has been inadequately investigated. Most studies omit the banking sector, therefore this study is focused on value relevance of accounting data and uses a sample of financial entities in major European countries for the comparison between CI and NI, with particular attention to the company size. The company size is studied by splitting the sample in three size groups. The results highlighted some increase in value relevance of other comprehensive income (OCI) compared to NI but they are not clear about results with regards to CI and OCI components. The most original contribution came from the size analysis, which shows the original aspect compared to literature and to the results, while they are not clear with regards to individual groups, though they do provide some useful information for future research. In fact, they have to consider not only the industry sector but also the different entity dimension in that sector.
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