Investing.com - Lakeland Financial reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lakeland Financial announced earnings per share of $1.11 on revenue of $72.67. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $63.14M.
Lakeland Financial shares are down 33% from the beginning of the year and are trading at $81.52 , down-from-52-week-high.
Lakeland Financial follows other major Financial sector earnings this month
Lakeland 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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