Investing.com - BayCom (NASDAQ:BCML) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
BayCom announced earnings per share of $0.41 on revenue of $22.62M. Analysts polled by Investing.com anticipated EPS of $0.48 on revenue of $22.6M. That with comparison to EPS of $0.45 on revenue of $16.99M in the same period a year before.BayCom had reported EPS of $0.55 on revenue of $21.97M in the previous quarter.Analysts are expecting EPS of $0.5 and revenue of $24M in the upcoming quarter.
BayCom shares are down 51.8% from the beginning of the year and are trading at $10.96 , down-from-52-week-high.They are under-performing the Nasdaq which is down 4.48% year to date.
BayCom follows other major Financial sector earnings this month
BayCom's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on Wednesday, April 15, 2020 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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