PNC Financial Services Group Inc. Announces Increase In Q1 Bottom Line

PNC Financial Services Group Inc. (PNC) reported a profit for its first quarter that climbed from last year.

The company's bottom line came in at $1.76 billion, or $4.10 per share. This compares with $0.84 billion, or $1.95 per share, in last year's first quarter.

Analysts had expected the company to earn $2.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $4.22 billion from $4.34 billion last year.

PNC Financial Services Group Inc. earnings at a glance:

-Earnings (Q1): $1.76 Bln. vs. $0.84 Bln. last year.
-EPS (Q1): $4.10 vs. $1.95 last year.
-Analysts Estimate: $2.75
-Revenue (Q1): $4.22 Bln vs. $4.34 Bln last year.

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