Revenue Update on PNC Financial Services Group Inc(NYSE:PNC)

PNC Financial Services Group Inc(NYSE:PNC) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Apr 14, 2016. Company reported revenue of $3.67B. Analysts estimated a revenue of $3.76B. Earnings per share were $1.68. Analysts had estimated an EPS of $1.72.

In a different note, On Apr 1, 2016, Evercore ISI Group said it Upgrades its rating on PNC Financial Services Group Inc. The shares have been rated ‘Buy’ by the firm. Societe Generale said it Initiates Coverage on PNC Financial Services Group Inc, according to a research note issued on Mar 22, 2016. The shares have been rated ‘Hold’ by the firm. On Mar 14, 2016, Atlantic Equities said it Downgrades its rating on PNC Financial Services Group Inc. The shares have been rated ‘Neutral’ by the firm. On Feb 16, 2016, Credit Suisse said it Maintains its rating on PNC Financial Services Group Inc. In the research note, the firm Lowers the price-target to $94.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 11, 2016, Nomura said it Maintains its rating on PNC Financial Services Group Inc. In the research note, the firm Lowers the price-target to $7.31 per share. The shares have been rated ‘Neutral’ by the firm. On Jan 26, 2016, Deutsche Bank said it Maintains its rating on PNC Financial Services Group Inc. According to the research note, Deutsche Bank Lowers the price target to $99 per share from a prior target of $101. The shares have been rated ‘Buy’ by the firm.

PNC Financial Services Group Inc (PNC) made into the market gainers list on Mondays trading session with the shares advancing 1.01% or 0.85 points. Due to strong positive momentum, the stock ended at $85.01, which is also near the day’s high of $85.1. The stock began the session at $83.48 and the volume stood at 18,37,082 shares. The 52-week high of the shares is $100.52 and the 52 week low is $77.67. The company has a current market capitalization of $42,599 M and it has 50,11,05,190 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2016, Daniel Hesse (director) purchased 500 shares at $81.00 per share price.Also, 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.

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