Benzinga | Oct 15, 2020 09:44AM EDT

Recap: Charles Schwab Q3 Earnings

Shares of Charles Schwab (NYSE:SCHW) rose 2% after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 31.08% year over year to $0.51, which beat the estimate of $0.46.

Revenue of $2,448,000,000 decreased by 9.70% from the same period last year, which beat the estimate of $2,430,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $51.65

Company's 52-week low was at $28.00

Price action over last quarter: Up 9.30%

Company Description

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.