U.S. stocks lower as investors rotate out of tech ahead of Jackson Hole
Investing.com - FVCBankcorp reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
FVCBankcorp announced earnings per share of $0.48 on revenue of $18.10. Analysts polled by Investing.com EPS of $0.43 on revenue of $18.59M.
FVCBankcorp 's are down 18.72% and is trading at $19.69 , still down 10.09% from its 52 week high of $21.90 set on Thursday, April 21, 2022.
FVCBankcorp follows other major Financial sector earnings this month
FVCBankcorp'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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