Investing.com - AssetMark reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
AssetMark announced earnings per share of $0.41 on revenue of $154.7M. Analysts polled by Investing.com anticipated EPS of $0.42 on revenue of $111.58M.
AssetMark shares are down 58% from the beginning of the year, still down 19.53% from its 52 week high of $29.54 set on November 10, 2021.
AssetMark follows other major Financial sector earnings this month
AssetMark's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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