PNC Financial Earnings Beat, Revenue Misses In Q1
2022.04.14 14:26
PNC Financial Earnings Beat, Revenue Misses In Q1
Investing.com – PNC Financial (NYSE:PNC) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
PNC Financial announced earnings per share of $3.29 on revenue of $4.69B. Analysts polled by Investing.com anticipated EPS of $2.89 on revenue of $4.83B.
PNC Financial shares are down 11% from the beginning of the year, still down 21.79% from its 52 week high of $228.14 set on January 13. They are under-performing the S&P 500 which is down 6.71% 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 Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.63B.
Industrial Commercial Bank of China had beat expectations on March 30 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
