Breaking: PNC reports Q1 earnings, beats the street

Ivan Brian FXStreet

PNC Financial Services Group reported earnings above estimates on Friday morning. PNC continued the strong earnings week for bank stocks as it reported earnings per share (EPS) of $4.10, well ahead of estimates for $2.75. Revenues of $4.22 billion also beat estimates of $4.11 billion.

Market reaction

Shares of PNC are virtually unchanged at $174.75 from Thursday's close of $174.79.

At the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

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