Investing.com - Summit Financial reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Summit Financial announced earnings per share of $1.11 on revenue of $39.00. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $37.59M.
Summit Financial shares are down 4% from the beginning of the year and are trading at $28.96 , down-from-52-week-high.
Summit Financial shares lost 0.14% in pre-market trade after the report.
Summit Financial follows other major Financial sector earnings this month
Summit 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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