Investing.com - PNC Financial (NYSE:PNC) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
PNC Financial announced earnings per share of $3.42 on revenue of $5.12B. Analysts polled by Investing.com anticipated EPS of $3.16 on revenue of $5.13B.
PNC Financial shares are down 24% from the beginning of the year, still down 33.83% from its 52 week high of $228.14 set on January 13. They are under-performing the S&P 500 which is down 20.47% from the start of the year.
PNC Financial follows other major Financial sector earnings this month
PNC Financial's report follows an earnings missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.94 on revenue of $31.82B.
Morgan Stanley had missed expectations on Thursday with second quarter EPS of $1.44 on revenue of $13.13B, compared to forecast for EPS of $1.57 on revenue of $13.39B.
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