Investing.com - Metropolitan Bank reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Metropolitan Bank announced earnings per share of $2.23 on revenue of $69.14. Analysts polled by Investing.com anticipated EPS of $2.34 on revenue of $67.72M.
Metropolitan Bank shares are down 33.45% from the beginning of the year , still down 48.23% from its 52 week high of $115.78 set on Thursday, January 13, 2022.
Metropolitan Bank shares lost 0.65% in after-hours trade the report.
Metropolitan Bank follows other major Financial sector earnings this month
Metropolitan Bank'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 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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