Analysts expected 84 cents per share on revenue of $4.83 billion. The company reported earnings per share of 77 cents on $4.67 billion in revenue. Charles Schwab Corp (SCHW US) shares fell 9.4% after the company missed analyst estimates on the top and bottom lines in the first quarter.
Analysts surveyed by Refinitiv expected earnings of 75 cents per share and $23.2 billion in revenue. Bank of America topped expectations in the first quarter with earnings of 80 cents per share and $23.33 billion in revenue, helped by strength in consumer lending.
Bank of America Corp (BAC US) shares jumped 3.4% after reporting an earnings beat on Monday. Southwest Gas Holdings Inc (SWX US) shares rose 5.7% after the company said its board had authorised the review of a full range of strategic alternatives, after receiving what it called an “indication of interest” well in excess of investor Carl Icahn’s $82.50 per share offer. Twitter Inc (TWTR US) shares rose 7.5% after the company announced on Friday that the board adopted a limited duration shareholder rights plan, often referred to as a “poison pill.” The move comes after billionaire Elon Musk offered to buy the company for $43 billion.
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