PNC Financial Services Group Inc. Reveals Rise In Q2 Bottom Line

(RTTNews) - PNC Financial Services Group Inc. (PNC) reported a profit for its second quarter that rose from last year.

The company's profit came in at $3.59 billion, or $8.40 per share. This compares with $1.31 billion, or $2.88 per share, in last year's second quarter.

Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.3% to $4.08 billion from $4.22 billion last year.

PNC Financial Services Group Inc. earnings at a glance:

-Earnings (Q2): $3.59 Bln. vs. $1.31 Bln. last year. -EPS (Q2): $8.40 vs. $2.88 last year. -Analysts Estimate: $0.51 -Revenue (Q2): $4.08 Bln vs. $4.22 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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