Shares of Charles Schwab (NYSE:SCHW) fell 3.3% in pre-market trading after the company reported Q2 results.
Earnings per share decreased 18.18% year over year to $0.54, which beat the estimate of $0.52.
Revenue of $2,450,000,000 declined by 8.62% from the same period last year, which missed the estimate of $2,470,000,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
52-week high: $51.65
52-week low: $28.00
Price action over last quarter: Up 2.57%
Charles Schwab operates in the brokerage, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website. It also operates a bank and a proprietary mutual fund business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $4 trillion of client assets at the end of 2019. Nearly all of its revenue is from the United States.
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