UPDATE: Banc of California Q2 EPS $(1.61) Misses $0.40 Estimate, Sales $250.510M Miss $275.774M Estimate
Banc of California (NYSE:BANC) reported quarterly losses of $(1.61) per share which missed the analyst consensus estimate of $0.40 by 502.5 percent. This is a 619.35 percent decrease over earnings of $0.31 per share
Banc of California lost money this quarter instead of making the profit that experts predicted. When a bank loses money instead of earning it, that's a sign something went wrong that investors will want to understand better.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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