Investing.com - Prosperity Bancshares reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Prosperity Bancshares announced earnings per share of $1.49 on revenue of $295.37. Analysts polled by Investing.com anticipated EPS of $1.48 on revenue of $296.02M.
Prosperity Bancshares shares are up 2.41% from the beginning of the year and are trading at $74.04 , down-from-52-week-high.
Prosperity Bancshares follows other major Financial sector earnings this month
Prosperity Bancshares's report follows an earnings beat by JPMorgan on October 14, 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 October 17 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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