PNC Financial Services (NYSE: PNC) reported Q1 EPS of $3.98, $0.31 better than the analyst estimate of $3.67. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.62 billion.

"PNC's first quarter results reflected the strength of our balance sheet and the power of our national franchise. During a quarter characterized by heightened market volatility, we grew deposits, increased our capital position and drove strong financial results. At the same time, we controlled expenses well, achieved positive operating leverage and our credit quality metrics remained solid. Looking ahead, PNC remains well positioned to deliver for all stakeholders through the current environment and beyond."

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