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-0.00386100386100395 -0.00193050193050206 0.00530888030888028 0 0.00482625482625472 0.0299227799227798 0.0183397683397683 0.0164092664092664
Stock impact report

INVESTOR ALERT: Tostrud Law Group, PC Announces Investigation of Provident Financial Services (PFS) on Behalf of Investors

Provident Financial Services, Inc (PFS) 
Last provident financial services, inc earnings: 4/30 08:00 am Check Earnings Report
US:NYSE Investor Relations: providentfinancial.com/investors
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Tostrud Law Group, PC announces an investigation on behalf of Provident Financial Services, Inc. (“Provident” or the “Company”) (NYSE: PFS) investors concerning the Company and its officers’ possible violations of federal securities laws.On April 27, 2018, Provident disclosed “deterioration in selected commercial credits, including a $15.4 million credit to a commercial borrower” that had filed for bankruptcy in March 2018. The Company established a $2.5 million specific reserve for this impaired loan.On July 5, 2018, Provident revealed that it expected an additional reserve for the remainder of the $15.4 million credit and that its net income for the quarter ended June 30, 2018 would be reduced by up to $9.3 million.Then, on July 27, 2018, pre-market, Provident reported a net charge-off of $4 million for two additional loans from another commercial borrower that became impaired during second quarter 2018. The Company’s Chief Executive Officer Christo Show less Read more
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