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 EPS of $0.48 on revenue of $89.6M.
Banc of California 's are down 13.3% and is trading at $17.01 , still down 23.00% from its 52 week high of $22.09 set on Monday, November 22, 2021.
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, 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, for EPS of $0.78 on revenue of $23.56B.
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