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Charles Schwab Earnings, Revenue Miss in Q1 -Breaking

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© Reuters. Charles Schwab earnings, revenue miss in Q1

Investing.com – Charles Schwab (NYSE:) Monday’s first quarter report showed revenue and forecasts that were lower than expected.

Charles Schwab declared earnings per share $0.77 on $4.67 billion in revenue. Investing.com polled analysts to predict EPS of $0.8434 based on $4.81 billion in revenue.

Charles Schwab shares fell 1% over the first of the year but are still up 14.02% from February 9, when it hit a 52-week high at $96.24. They are outperforming the S&P 500 which is down 7.84% from the start of the year.

Following the publication, Charles Schwab shares fell by 4.53% pre-market.

Charles Schwab continues to follow other important earnings from the Financial sector this month

Charles Schwab reports on JPMorgan’s Wednesday earnings miss. JPMorgan posted EPS figures of $2.63 for revenue $30.72B on Wednesday. This compares to JPMorgan’s forecasts of EPS levels of $2.69 for revenue $30.856M.

Bank of America exceeded expectations with Monday’s first quarter EPS of $0.8 based on revenue of $253.23B. That compares with the forecast of EPS of $0.7492 based on revenue of $23.18B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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