Investing.com - Popular reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Popular announced earnings per share of $5.70 on revenue of $966.48. Analysts polled by Investing.com anticipated EPS of $2.74 on revenue of $730.15M.
Popular shares are down 48% from the beginning of the year , still down 24.37% from its 52 week high of $99.49 set on Tuesday, January 18, 2022.
Popular follows other major Financial sector earnings this month
Popular's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, 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, October 17, 2022 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar