Amalgamated Bank: Q2 Earnings Insights

Shares of Amalgamated Bank AMAL rose 5%after the company reported Q2 results.

Quarterly Results

Earnings per share were down 5.56% over the past year to $0.34, which beat the estimate of $0.26.

Revenue of $53,110,000 rose by 10.18% year over year, which beat the estimate of $50,380,000.

Guidance

Amalgamated Bank hasn't issued any earnings guidance for the time being.

Amalgamated Bank hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 28, 2020

Time: 10:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140447

Technicals

52-week high: $20.00

52-week low: $7.90

Price action over last quarter: Up 4.24%

Company Description

Amalgamated Bank provides banking products and services. The company's corporate divisions include Consumer Banking, Business Development, Investment Management, and Commercial Lending. Its products include deposits, loans, investments, cash management, residential and commercial mortgages.