Charles Schwab Earnings, Revenue Miss in Q1
2022.04.18 15:57
Charles Schwab Earnings, Revenue Miss in Q1
Investing.com – Charles Schwab (NYSE:SCHW) reported on Monday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Charles Schwab announced earnings per share of $0.77 on revenue of $4.67B. Analysts polled by Investing.com anticipated EPS of $0.8434 on revenue of $4.81B.
Charles Schwab shares are down 1% from the beginning of the year, still down 14.02% from its 52 week high of $96.24 set on February 9. They are outperforming the S&P 500 which is down 7.84% from the start of the year.
Charles Schwab shares lost 4.53% 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 Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.69 on revenue of $30,856M.
Bank of America had beat expectations on Monday with first quarter EPS of $0.8 on revenue of $23.23B, compared to forecast for EPS of $0.7492 on revenue of $23.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
