PNC Financial Services Group Inc (PNC) announced its most recent quarterly financial results on Friday, Oct-14-2016. PNC said it had a profit of $1.84 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.78. The company posted revenue of $3829.00 million in the period, compared to analysts expectations of $3805.06 million. PNC’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS.
Many Wall Street Analysts have commented on PNC Financial Services Group Inc. PNC Financial Services Group Inc was Downgraded by Nomura to ” Neutral” on Oct 10, 2016. PNC Financial Services Group Inc was Resumed by Keefe Bruyette to “Outperform” on Aug 31, 2016.
PNC Financial Services Group Inc closed down -1.18 points or -1.29% at $90.51 with 28,22,103 shares getting traded on Tuesday. Post opening the session at $91.64, the shares hit an intraday low of $90.18 and an intraday high of $91.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 10, 2016, Michael J Hannon (Executive Vice President) sold 33,000 shares at $86.49 per share price. According to the SEC, on Jul 25, 2016, Daniel Hesse (director) purchased 500 shares at $82.44 per share price. On May 4, 2016, Charles E Bunch (director) purchased 1,000 shares at $87.81 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.