Earnings Reports

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PNC Financial report second quarter earnings before the bell on Wednesday after Citigroup, Goldman SachsWells Fargo $WFC and JPMorgan $JPM. PNC last quarter beat on revenue with a growing loan book with improving interest rate margins.

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PNC Financial Services Group Inc NYSE: PNC · Reported Before Open Wednesday

$2.94 Beat $2.80 EPS Expected AND $4.49 Bil Beat $4.41 billion Revenue Forecast

Earnings

PNC Financial Services Group (NYSE: PNC) earned $2.94 a share, up 4.3% from $2.82 in the year-earlier quarter beating the survey of analysts by FactSet estimating earnings of $2.80 a share. Revenue in the quarter rose 3.1% to $4.49 billion from $4.36 billion. The FactSet survey was looking for $4.41 billion.

PNC Financial Services Group Inc NYSE: PNC

Market Reaction Pre-market $139.62 +0.86 (+0.62%)

Highlights

Net interest income rose 1.5% to $2.5 billion from $2.47 billion.

The net interest margin narrowed 7 basis points to 2.84%, while FactSet's survey was looking for 2.85%.

 

 

Source: PNC Earnings Release 

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