Investing.com - The Charles Schwab (NYSE:SCHW) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.65 on revenue of $2.67B. Analysts polled by Investing.com expected EPS of $0.64 on revenue of $2.64B. That compared to EPS of $0.55 on revenue of $2.36B in the same period a year earlier. The company had reported EPS of $0.65 on revenue of $2.58B in the previous quarter.
For the year, The Charles Schwab shares are up 6.55%, outperforming the S&P 500 which is up 5.78% year to date.
The Charles Schwab follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.9B.
Bank of America earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $0.7 on revenue of $22.74B. Investing.com analysts expected EPS of $0.63 on revenue of $22.36B
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