Raymond James Financial’s Q4 profit was lower than expected, while revenue was higher than expected.

Investing.com – Raymond James Financial Company (NYSE: ) missed Q4 analyst estimates. with higher-than-expected earnings, according to reports on Wednesday

Raymond James Financial’s earnings per share (EPS) came in at $2.13 on revenue of $3.05B, compared to the analyst consensus that Investing.com had previously estimated at $2.28 per share on revenue of $3B.

Shares of Raymond James Financial traded down 0.42% at $91.50. After the news of earnings report

Apart from Raymond James Financial, there are other companies too. The financial sector of the New York Stock Exchange reported operating results this month

JPMorgan previously estimated Q3 earnings at $4.33 per share on revenue of $40.7B, and $3.89 on revenue of $39.55B.

Meanwhile, Bank of America’s recent performance beat analysts’ forecasts. Q3 earnings beat analyst estimates for 2020 by $0.9 per share on revenue of $25.2B. Investing.com expects earnings per share to be around $0.83 based on revenue of $25.13B.

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