Investing.com - The Charles Schwab (NYSE:SCHW) reported first quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.69 on revenue of $2.72B. Analysts polled by Investing.com expected EPS of $0.66 on revenue of $2.68B. That compared to EPS of $0.55 on revenue of $2.4B in the same period a year earlier. The company had reported EPS of $0.65 on revenue of $2.67B in the previous quarter.
The Charles Schwab shares gained 0.88% to trade at $45.75 in pre-market trade following the report.
The Charles Schwab shares gained 0.88% to trade at $45.75 in pre-market trade following the report.
For the year, The Charles Schwab shares are up 9.2%, under-performing the S&P 500 which is up 17.38% year to date.
The Charles Schwab follows other major Financial sector earnings this month
On Friday, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Wells Fargo&Co earnings beat analyst's expectations on Friday, with first quarter EPS of $1.2 on revenue of $21.61B. Investing.com analysts expected EPS of $1.11 on revenue of $20.99B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar