Investing.com - Preferred Bank reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Preferred Bank announced earnings per share of $2.40 on revenue of $66.28. Analysts polled by Investing.com anticipated EPS of $2.13 on revenue of $65.28M.
Preferred Bank shares are down 36.64% from the beginning of the year , still down 16.07% from its 52 week high of $81.97 set on Friday, February 4, 2022.
Preferred Bank follows other major Financial sector earnings this month
Preferred 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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