Charles Schwab Earnings, Revenue Beat in Q2
2022.07.18 16:29
Charles Schwab Earnings, Revenue Beat in Q2
Investing.com – Charles Schwab (NYSE:SCHW) reported on Monday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Charles Schwab announced earnings per share of $0.97 on revenue of $5.09B. Analysts polled by Investing.com anticipated EPS of $0.9089 on revenue of $5.04B.
Charles Schwab shares are down 26% from the beginning of the year, still down 35.39% from its 52 week high of $96.24 set on February 9. They are under-performing the S&P 500 which is down 18.95% from the start of the year.
Charles Schwab shares gained 4.55% in pre-market trade following the report.
Charles Schwab follows other major Financial sector earnings this month
Charles Schwab’s report follows an earnings missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
