Investing.com - Silvergate Cap reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Silvergate Cap announced earnings per share of $1.28 on revenue of $89.34. Analysts polled by Investing.com anticipated EPS of $1.41 on revenue of $100.5M.
Silvergate Cap shares are down 2% from the beginning of the year , still down 70.41% from its 52 week high of $239.26 set on Monday, November 22, 2021.
Silvergate Cap follows other major Financial sector earnings this month
Silvergate Cap'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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