Investing.com - The Charles Schwab (NYSE:SCHW) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
The Charles Schwab announced earnings per share of $0.86 on revenue of $4.71B. Analysts polled by Investing.com anticipated EPS of $0.8768 on revenue of $4.78B.
The Charles Schwab shares are up 13% from the beginning of the year and are trading at $92.72 , down-from-52-week-high.They are outperforming the S&P 500 which is down 2.17% from the start of the year.
The Charles Schwab shares lost 2.94% 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 $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Wells Fargo&Co had beat expectations on Friday with fourth quarter EPS of $1.38 on revenue of $20.86B, compared to forecast for EPS of $1.11 on revenue of $18.84B.
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