Charles Schwab (NYSE:SCHW) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.66 on revenue of $2.68B. Analysts polled by anticipated EPS of $0.65 on revenue of $2.67B. That compared to EPS of $0.6 on revenue of $2.49B in the same period a year earlier. The company had reported EPS of $0.69 on revenue of $2.72B in the previous quarter.
Charles Schwab shares gained 1.12% to trade at $40.70 in pre-market trade following the report.
Charles Schwab follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Wells Fargo&Co earnings beat analysts' expectations on Tuesday, with second quarter EPS of $1.3 on revenue of $21.58B. analysts expected EPS of $1.17 on revenue of $20.94B
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