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PNC Financial Services Group Inc. Q4 Earnings Advance 106%

PNC Financial Services Group Inc. (PNC) released a profit for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $2.02 billion, or $4.18 per share. This was higher than $0.98 billion, or $1.97 per share, in last year's fourth quarter.

Analysts had expected the company to earn $2.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.1% to $4.26 billion. This was up from $3.87 billion last year.

PNC Financial Services Group Inc. earnings at a glance:

-Earnings (Q4): $2.02 Bln. vs. $0.98 Bln. last year.
-Earnings Growth (Y-o-Y): 106.1%
-EPS (Q4): $4.18 vs. $1.97 last year.
-EPS Growth (Y-o-Y): 112.2%
-Analysts Estimate: $2.20
-Revenue (Q4): $4.26 Bln vs. $3.87 Bln last year.
-Revenue Change (Y-o-Y): 10.1%

by RTT Staff Writer

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