Investing.com - Ponce Financial reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ponce Financial announced earnings per share of $-0.64 on revenue of $23.21M. Analysts polled by Investing.com anticipated EPS of $0.04 on revenue of $15.89M.
Ponce Financial shares are down 11% from the beginning of the year and are trading at $9.24 , down-from-52-week-high.
Ponce Financial follows other major Financial sector earnings this month
Ponce Financial'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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