PNC Financial Services (PNC) Misses Q1 EPS by 2c
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PNC Reports First Quarter 2016 Net Income Of $943 Million, $1.68 Diluted EPS
April 14, 2016 6:38 AM EDTPITTSBURGH, April 14, 2016 /PRNewswire/ --Â The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $943 million, or $1.68 per diluted common share, for the first quarter of 2016 compared with net income of $1.0 billion, or $1.87 per diluted common share, for the fourth quarter of 2015 and net income of $1.0 billion, or $1.75 per diluted common share, for the first quarter of 2015.
"PNC had solid first quarter earnings that were impacted by weaker equity markets and related fees, and continued deterioration in energy related credits," said William S. Demchak, chairman, president and chief... More
