Investing.com - PennyMac Financial (NYSE:PFSI) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PennyMac Financial announced earnings per share of $2.46 on revenue of $559.3M. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $416.15M.
PennyMac Financial shares are down 13% from the beginning of the year, still down 26.74% from its 52 week high of $71.52 set on December 30, 2021.
PennyMac Financial follows other major Financial sector earnings this month
PennyMac 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 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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