Investing.com - The Charles Schwab (NYSE:SCHW) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
The Charles Schwab announced earnings per share of $0.51 on revenue of $2.45B. Analysts polled by Investing.com anticipated EPS of $0.48 on revenue of $2.47B.
The Charles Schwab shares are down 21% from the beginning of the year and are trading at $36.36 , down-from-52-week-high.They are under-performing the S&P 500 which is up 7.98% from the start of the year.
The Charles Schwab shares lost 2.05% in pre-market trade the report.
The Charles Schwab follows other major Financial sector earnings this month
The Charles Schwab's report follows an earnings beat by UnitedHealth on Wednesday, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.09 on revenue of $63.77B.
JPMorgan had beat expectations on Tuesday with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
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