The PNC Financial Services Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• The PNC Financial Services Group, Inc. PNC.N reported quarterly adjusted earnings of $4.97​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $4.35. The mean expectation of twenty one analysts for the quarter was for earnings of $4.92 per share. Wall Street expected results to range from $4.77 to $5.08 per share.

• Revenue rose 10.9% to $6.56 billion from a year ago; analysts expected $6.61 billion.

• The PNC Financial Services Group, Inc.'s reported EPS for the quarter was $4.97​.

• The company reported quarterly net income of $1.99 billion.

• The PNC Financial Services Group, Inc. shares had fallen by 2.9% this quarter and gained 3.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, five 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 no "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 The PNC Financial Services Group, Inc. is $275.00, about 21.5% above its last closing price of $215.80

This summary was machine generated from LSEG data October 15 at 01:33 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)