Investing.com - Commerce Bancshares reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.96 on revenue of $338.9M. Analysts polled by Investing.com expected EPS of $0.94 on revenue of $339.13M. That compared to EPS of $1.01 on revenue of $335.81M in the same period a year earlier. The company had reported EPS of $0.85 on revenue of $324.73M in the previous quarter.
For the year, Commerce Bancshares shares are up 3.19%, under-performing the Nasdaq which is up 26.91% year to date.
Commerce Bancshares follows other major Financial sector earnings this month
On Monday, Citigroup reported second quarter EPS of $1.95 on revenue of $18.76B, compared to forecasts of EPS of $1.81 on revenue of $18.51B.
Jefferies Financial earnings beat analyst's expectations on Wednesday, July 3, 2019, with second quarter EPS of $2.14 on revenue of $1.1B. Investing.com analysts expected EPS of $0.24 on revenue of $927.3M (NYSE:MMM)
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