Investing.com - Charles Schwab reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.74 on revenue of $2.71B. Analysts polled by Investing.com expected EPS of $0.65 on revenue of $2.64B. That compared to EPS of $0.65 on revenue of $2.58B in the same period a year earlier. The company had reported EPS of $0.66 on revenue of $2.68B in the previous quarter.
Charles Schwab shares gained 2.65% to trade at $38.72 in pre-market trade following the report.
Charles Schwab follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
Wells Fargo&Co earnings missed analysts' expectations on Tuesday, with third quarter EPS of $1.07 on revenue of $22.01B. Investing.com analysts expected EPS of $1.22 on revenue of $21.03B
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