Investing.com - Commerce Bancshares reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.98 on revenue of $339.7M. Analysts polled by Investing.com expected EPS of $0.92 on revenue of $337.06M. That compared to EPS of $0.98 on revenue of $331.47M in the same period a year earlier. The company had reported EPS of $0.96 on revenue of $338.89M in the previous quarter.
For the year, Commerce Bancshares shares are up 6.88%, under-performing the Nasdaq which is up 25.23% year to date.
Commerce Bancshares follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
UnitedHealth earnings beat analyst's expectations on Tuesday, with third quarter EPS of $3.88 on revenue of $60.35B. Investing.com analysts expected EPS of $3.75 on revenue of $59.75B
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