Investing.com - The Charles Schwab (NYSE:SCHW) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
The Charles Schwab announced earnings per share of $0.74 on revenue of $4.18B. Analysts polled by Investing.com anticipated EPS of $0.6497 on revenue of $4.1B.
The Charles Schwab shares are up 1% from the beginning of the year and are trading at $59.82 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.32% from the start of the year.
The Charles Schwab shares gained 1.82% 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 $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.
Bank of America had beat expectations on Tuesday with fourth quarter EPS of $0.59 on revenue of $20.10B, compared to forecast for EPS of $0.5474 on revenue of $20.56B.
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