Investing.com - The Charles Schwab (NYSE:SCHW) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
The Charles Schwab announced earnings per share of $1.10 on revenue of $5.50. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $5.42B.
The Charles Schwab shares are down 17% from the beginning of the year and are trading at $70.40 , down-from-52-week-high.
The Charles Schwab shares gained 2.06% 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 Friday, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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