Investing.com - The Charles Schwab (NYSE:SCHW) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
The Charles Schwab announced earnings per share of $0.77 on revenue of $4.67B. Analysts polled by Investing.com anticipated EPS of $0.8434 on revenue of $4.81B.
The Charles Schwab shares are down 1% from the beginning of the year and are trading at $77.80 , down-from-52-week-high.They are outperforming the S&P 500 which is down 7.84% from the start of the year.
The Charles Schwab shares lost 5.98% 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 Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.69 on revenue of $30,856M.
Bank of America had beat expectations on Monday with first quarter EPS of $0.8 on revenue of $23.23B, compared to forecast for EPS of $0.7492 on revenue of $23.18B.
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