Investing.com - First Western Financial (NASDAQ:MYFW) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
First Western Financial announced earnings per share of $0.64 on revenue of $29.25. Analysts polled by Investing.com anticipated EPS of $0.63 on revenue of $29.7M.
First Western Financial shares are down 23% from the beginning of the year, still down 23.01% from its 52 week high of $34.20 set on January 19.
First Western Financial follows other major Financial sector earnings this month
First Western Financial'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 Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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