The Charles Schwab reported third quarter earnings that beat analyst's expectations on Monday and revenue that was inline with forecasts.
The firm reported earnings per share of $0.65 on revenue of $2.58B. Analysts polled by anticipated EPS of $0.64 on revenue of $2.58B. That compared to EPS of $0.42 on revenue of $2.26B in the same period a year earlier The company had reported EPS of $0.6 on revenue of $2.49B in the previous quarter.
The Charles Schwab shares gained 0.67% to trade at $49.34 in intra-day trade following the report.
For the year, The Charles Schwab shares are down 4.29%, under-performing the S&P 500 which is up 3.1% year to date.
The Charles Schwab follows other major Financial sector earnings this month
On Friday, JPMorgan (NYSE:JPM) reported third quarter EPS of $2.34 on revenue of $27.82B, compared to forecasts of EPS of $2.26 on revenue of $27.44B.
Bank of America (NYSE:BAC) earnings beat analyst's expectations on Monday, with third quarter EPS of $0.66 on revenue of $22.78B. analysts expected EPS of $0.62 on revenue of $22.62B
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