Investing.com - Eastern Bankshares reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Eastern Bankshares announced earnings per share of $0.34 on revenue of $195.53. Analysts polled by Investing.com anticipated EPS of $0.36 on revenue of $195.69M.
Eastern Bankshares shares are down 18% from the beginning of the year, still down 6.04% from its 52 week high of $22.35 set on March 30.
Eastern Bankshares follows other major Financial sector earnings this month
Eastern Bankshares'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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