After the company published Q2 earnings, People’s United Finl (NASDAQ:PBCT) stock jumped in after-market trade.
Quarterly Findings
Earnings per share increased 70.83 percent year over year to $0.41, beating the $0.35 expectation.
Revenue of $479,900,000 was down 3.09 percent year over year, falling short of the $496,170,000 forecast.
For the time being, the company has not provided earnings guidance.
For the time being, People’s United Finl has not provided any revenue guidance.
The 52-week high for Price Action Company was $19.62.
$9.73 is the 52-week low.
Price movement in the previous quarter: down 6.48 percent.
Description of the Business
The assets of People’s United Financial Inc total roughly $39 billion. People’s United Bank is one of the top 50 banks in the United States and is situated in New England. 40 percent of the bank’s 405 facilities are in Connecticut, where it ranks third in terms of deposit market share. Among Vermont, New Hampshire, and Maine, it is also in the top ten. Brokerage, financial advising and asset management, and insurance services are also available through the bank. The loan book is made up of 35 percent commercial real estate, 35 percent C&I and equipment financing, while the balance is made up of mortgages and consumer loans./n
