Investing.com - The Charles Schwab (NYSE:SCHW) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
The Charles Schwab announced earnings per share of $0.7 on revenue of $4.53B. Analysts polled by Investing.com anticipated EPS of $0.756 on revenue of $4.46B.
The Charles Schwab shares are up 33% from the beginning of the year and are trading at $70.56 , down-from-52-week-high.They are outperforming the S&P 500 which is up 16.08% from the start of the year.
The Charles Schwab shares gained 0.01% 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 JPMorgan on Tuesday, who reported EPS of $3.78 on revenue of $31.4B, compared to forecasts EPS of $3.16 on revenue of $30B.
UnitedHealth had beat expectations on Thursday with second quarter EPS of $4.7 on revenue of $71.32B, compared to forecast for EPS of $4.43 on revenue of $69.6B.
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