PNC Financial Services (PNC) Tops Q3 EPS by 9c
PNC Financial Services (NYSE: PNC) reported Q3 EPS of $2.82, $0.09 better than the analyst estimate of $2.73.
Bill Demchak, PNC Chairman, President and Chief Executive Officer, commented: "PNC delivered another good, consistent quarter. We grew average loans and deposits and continued to add new clients. Net interest income and our margin and fee income increased. We're experiencing success with our national initiative to expand our middle market capabilities in faster growing markets, and we launched our national retail digital strategy with a high yield savings offer to be supported by an ultra-thin retail network. Looking ahead, we\'re positioned to drive growth and efficiency over the long term."
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