Investing.com - Ponce Financial reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ponce Financial announced earnings per share of $-0.64 on revenue of $23.21M. Analysts polled by Investing.com anticipated EPS of $0.04 on revenue of $15.89M.
Ponce Financial shares are down 11% from the beginning of the year, still down 18.15% from its 52 week high of $11.29 set on November 1, 2021.
Ponce Financial follows other major Financial sector earnings this month
Ponce 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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