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PNC Financial (PNC) Q2 Earnings Beat Estimates, Revenues Up
PNC Financial PNC reported positive earnings surprise of 1.8% in second-quarter 2019. Earnings per share of $2.88 surpassed the Zacks Consensus Estimate of $2.83. Further, the bottom line reflects a 5.9% jump from the prior-year quarter’s reported figure.
Higher revenues, driven by higher net interest income and escalating fee income, aided the company’s results. However, rise in costs and provisions were headwinds.
The company’s net income for the quarter came in at $1.37 billion compared with the prior-year quarter’s $1.36 billion.
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https://finance.yahoo.com/news/pnc-finan...12914.html
![[Bild: PNCc1dl0955.png]](https://finviz.com/publish/071819/PNCc1dl0955.png)
PNC Financial PNC reported positive earnings surprise of 1.8% in second-quarter 2019. Earnings per share of $2.88 surpassed the Zacks Consensus Estimate of $2.83. Further, the bottom line reflects a 5.9% jump from the prior-year quarter’s reported figure.
Higher revenues, driven by higher net interest income and escalating fee income, aided the company’s results. However, rise in costs and provisions were headwinds.
The company’s net income for the quarter came in at $1.37 billion compared with the prior-year quarter’s $1.36 billion.
...
https://finance.yahoo.com/news/pnc-finan...12914.html
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