Investing.com - Charles Schwab (NYSE:SCHW) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
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.
Charles Schwab shares are up 13% from the beginning of the year and are trading at $95.55 , down-from-52-week-high.They are outperforming the S&P 500 which is down 2.17% from the start of the year.
Charles Schwab shares gained 0.02% in pre-market trade after the report.
Charles Schwab follows other major Financial sector earnings this month
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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar