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Amalgamated Financial: Q3 Earnings Snapshot
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NEW YORK (AP) — NEW YORK (AP) — Amalgamated Financial Corp. (AMAL) on Thursday reported third-quarter profit of $36.4 million.

On a per-share basis, the New York-based company said it had profit of $1.20. Earnings, adjusted for non-recurring gains, came to $1.14 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The bank posted revenue of $133.6 million in the period. Its adjusted revenue was $101.7 million.

Amalgamated Financial shares have risen 49% since the beginning of the year. The stock has increased 79% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMAL at https://www.zacks.com/ap/AMAL

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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