NYSE:PFSBanks
Provident Financial Services (PFS): Assessing Valuation After Surpassing Quarterly Expectations and Posting Record Revenues
The spotlight is on Provident Financial Services (PFS) after the company delivered quarterly results that came in ahead of expectations, featuring record revenues and a significant boost in net interest income. Management’s focus on both loan growth and keeping costs in check resulted in improved profit margins. This has caught the eye of investors seeking positive surprises in the banking sector. While an insider sale by a director recently made headlines, it is the strong underlying...