Investing.com - Commerce Bancshares reported fourth quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.96 on revenue of $345.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $338.23M. That compared to EPS of $0.74 on revenue of $353.0M in the same period a year earlier The company had reported EPS of $0.98 on revenue of $331.47M in the previous quarter.
Commerce Bancshares shares gained 2.26% to trade at $59.72 in other following the report.
For the year, Commerce Bancshares shares are up 5.94%, under-performing the Nasdaq which is up 8.11% year to date.
Commerce Bancshares follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.9B.
Bank of America earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $0.7 on revenue of $22.74B. Investing.com analysts expected EPS of $0.63 on revenue of $22.36B