BYFC Soars On 49% Rise In Q1 Earnings

Shares of Broadway Financial Corporation BYFC rocketed higher as the company reported a sharp rise in its Q1 earnings due to an increase in net interest income. The Los Angeles, California-based company’s Q1 earnings rose 49% to $0.39 per diluted common share, from $0.29 per diluted common share in the year-ago period. BYFC’s shares have dipped 62.84% year-to-date, while they have gained 10.00% over the previous week. Shares of Broadway Financial soared 65.68% to $3.64 at 12:39 pm. Read more from Benzinga's Company news.