PNC Financial Services Group Inc. Q2 Earnings Fall

PNC Financial Services Group Inc. (PNC) announced a profit for second quarter that dropped from last year.

The company's bottom line totaled $1.04 billion, or $2.43 per share. This compares with $3.59 billion, or $8.40 per share, in last year's second quarter.

Analysts had expected the company to earn $3.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.5% to $4.67 billion from $4.08 billion last year.

PNC Financial Services Group Inc. earnings at a glance:

-Earnings (Q2): $1.04 Bln. vs. $3.59 Bln. last year.
-EPS (Q2): $2.43 vs. $8.40 last year.
-Analysts Estimate: $3.12
-Revenue (Q2): $4.67 Bln vs. $4.08 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT