Investing.com - Banc of California reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Banc of California announced earnings per share of $0.44 on revenue of $85.08. Analysts polled by Investing.com anticipated EPS of $0.48 on revenue of $89.6M.
Banc of California shares are down 13.3% from the beginning of the year and are trading at $17.01 , down-from-52-week-high.
Banc of California follows other major Financial sector earnings this month
Banc of California'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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar