Investing.com - Sterling Bancorp reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sterling Bancorp announced earnings per share of $0.020 on revenue of $19.18M. Analysts polled by Investing.com anticipated EPS of $0.040 on revenue of $20.1M.
Sterling Bancorp shares are down 13% from the beginning of the year , still down 11.85% from its 52 week high of $7.26 set on Thursday, March 10, 2022.
Sterling Bancorp follows other major Financial sector earnings this month
Sterling Bancorp'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.
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