Investing.com - The Charles Schwab (NYSE:SCHW) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
The Charles Schwab announced earnings per share of $0.97 on revenue of $5.09B. Analysts polled by Investing.com anticipated EPS of $0.9089 on revenue of $5.04B.
The Charles Schwab shares are down 26% from the beginning of the year and are trading at $65.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 18.95% from the start of the year.
The Charles Schwab shares gained 4.54% 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 missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
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