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PNC Financial Services Group Inc. (PNC) reported a profit for its first quarter that climbed from last year.


RTTNews | Apr 16, 2021 06:52AM EDT

06:52 Friday, April 16, 2021 (RTTNews.com) - PNC Financial Services Group Inc. (PNC) reported a profit for its first quarter that climbed from last year.

The company's bottom line came in at $1.76 billion, or $4.10 per share. This compares with $0.84 billion, or $1.95 per share, in last year's first quarter.

Analysts had expected the company to earn $2.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $4.22 billion from $4.34 billion last year.

PNC Financial Services Group Inc. earnings at a glance:

-Earnings (Q1): $1.76 Bln. vs. $0.84 Bln. last year.-EPS (Q1): $4.10 vs. $1.95 last year.-Analysts Estimate: $2.75-Revenue (Q1): $4.22 Bln vs. $4.34 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3185586/pnc-financial-services-group-inc-announces-increase-in-q1-bottom-line.aspx)

For comments and feedback: contact editorial@rttnews.com

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