PNC Financial Services Group Inc reports results for the quarter ended June 30 - Earnings Summary

• PNC Financial Services Group Inc PNC reported quarterly adjusted earnings of $3.85​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $3.30. The mean expectation of twenty one analysts for the quarter was for earnings of $3.56 per share. Wall Street expected results to range from $3.42 to $3.71 per share.

• Revenue rose 4.6% to $5.66 billion from a year ago; analysts expected $5.61 billion.

• PNC Financial Services Group Inc's reported EPS for the quarter was $3.85​.

• The company reported quarterly net income of $1.53 billion.

• PNC Financial Services Group Inc shares had risen by 3.1% this quarter and lost 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for PNC Financial Services Group Inc is $213.00, about 9.8% above its last closing price of $192.14

This summary was machine generated from LSEG data July 16 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)