PNC Financial Services Group Inc (PNC) Releases Earnings Results, Misses Expectations By $-0.02 EPS

PNC Financial Services Group Inc (PNC) reported quarterly earnings results on Thursday, Apr-14-2016. The company reported $1.68 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $1.70. The company posted revenue of $3665.00 million in the period, compared to analysts expectations of $3758.25 million. The company’s revenue was down -1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS.

Many Wall Street Analysts have commented on PNC Financial Services Group Inc. PNC Financial Services Group Inc was Downgraded by Atlantic Equities to ” Neutral” on Mar 14, 2016.

PNC Financial Services Group Inc opened for trading at $82.36 and hit $83.08 on the upside on Monday, eventually ending the session at $81.92, with a gain of 0.12% or 0.1 points. The heightened volatility saw the trading volume jump to 16,87,369 shares. Company has a market cap of $41,051 M.

In a different news, on Feb 10, 2016, Daniel Hesse (director) purchased 500 shares at $81.00 per share price. According to the SEC, on Jan 22, 2016, Andrew T Feldstein (director) purchased 23,600 shares at $84.68 per share price. On Jan 22, 2016, Marjorie Rodgers Cheshire (director) purchased 118 shares at $84.17 per share price, according to the Form-4 filing with the securities and exchange commission.

The PNC Financial Services Group Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking corporate and institutional banking asset management and residential mortgage banking as well as other products and services in its primary geographic markets located in Pennsylvania Ohio New Jersey Michigan Illinois Maryland Indiana North Carolina Florida Kentucky Washington D.C. Delaware Virginia Alabama Missouri Georgia Wisconsin and South Carolina. The Company operates through six segments: Retail Banking Corporate & Institutional Banking Asset Management Group Residential Mortgage Banking BlackRock and Non-Strategic Assets Portfolio.

PNC Financial Services Group Inc

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