Investing.com - Live Oak Bancshares (NASDAQ:LOB) Inc reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Live Oak Bancshares Inc announced earnings per share of $0.96 on revenue of $141.61. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $115.8M.
Live Oak Bancshares Inc shares are up 102.69% from the beginning of the year, still down 70.47% from its 52 week high of $99.89 set on November 5, 2021.
Live Oak Bancshares Inc follows other major Financial sector earnings this month
Live Oak Bancshares Inc'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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