PNC Financial Services (PNC) Tops Q4 EPS by 12c

PNC Financial Services (NYSE: PNC) reported Q4 EPS of $1.97, $0.12 better than the analyst estimate of $1.85. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.87 billion.

"PNC delivered a solid year in 2016. Although the financial results finished slightly below 2015, this was due in part to our disciplined risk management efforts throughout the year to position PNC well in the current credit and interest rate cycle," said William S. Demchak, chairman, president and chief executive officer. "At the same time in 2016, we grew net interest and fee income, and kept expenses essentially flat. We also returned capital to shareholders, grew our customer franchise and continued to invest in our strategic priorities, particularly core technology infrastructure that will be critical to our future success. As we look ahead, I'm confident the actions we took position us for further growth and long-term value."

For earnings history and earnings-related data on PNC Financial Services (PNC) click here.

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