Investing.com - Signature Bank (NASDAQ:SBNY) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Signature Bank announced earnings per share of $5.57 on revenue of $717.74. Analysts polled by Investing.com anticipated EPS of $5.43 on revenue of $738.97M.
Signature Bank shares are down 52% from the beginning of the year, still down 59.16% from its 52 week high of $374.76 set on January 18.
Signature Bank follows other major Financial sector earnings this month
Signature Bank's report follows an earnings beat by JPMorgan on Friday, 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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