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PNC Financial Earnings, Revenue Beat in Q3 By Investing.com

by Mike Robinson

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© Reuters. PNC Financial Revenue Beats in Q3

PNC Financial (NYSE 🙂 announced Friday that the third quarter beat analyst forecasts with revenue exceeding expectations.

PNC Financial posted earnings per share (EPS) of $3.75 for revenue $5.20B. Investing.com polled analysts to predict EPS of 3.38 on revenue of 5.04B.

PNC Financial shares rose 35% over the first of the year but are down 1.19% from October 11’s 52 week high $204.93. They are outperforming the S&P 500 which is up 18.16% from the start of the year.

PNC Financial is following other financial sector major earnings this month

PNC Financial reports on JPMorgan’s earnings beat on Wednesday. JPMorgan reported EPS at $3.74 per share on $30.44B in revenue, while forecasts were for EPS at $3 on $29.86B.

UnitedHealth beat all expectations with a third quarter earnings per share of $4.52 on $72.34B in revenue, as compared to a forecast of EPS at $4.41 for $71.3B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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