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.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.