Investing.com - Signature Bank 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 Tuesday, January 18, 2022.
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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar