Actionable news
0
All posts from Actionable news
Actionable news in PNC: PNC FINANCIAL SERVICES GROUP,

PNC earnings tick higher, but some metrics fall

PNC Financial Services Group Inc. said its profit edged up in the third quarter, despite lower revenue and a decline in a key measure of lending profitability.

Earnings topped Wall Street estimates while revenue fell short.

The bank reported earnings of $1.06 billion, up from $1.04 billion in the prior-year period. On a per-share basis, earnings rose to $1.90 from $1.79, aided by a lower share count. Revenue at the Pittsburgh-based bank, which has a network of about 2,660 branches, slipped 1.7% to $3.78 billion. Analysts projected $1.79 in per-share profit and $3.80 billion in revenue...


More