PNC Financial Services Group Inc. Profit Rises In Q1

(RTTNews) - PNC Financial Services Group Inc. (PNC) reported earnings for its first quarter that rose from the same period last year.

The company's profit totaled $1.19 billion, or $2.61 per share. This compares with $1.16 billion, or $2.43 per share, in last year's first quarter.

Analysts had expected the company to earn $2.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.4% to $4.29 billion from $4.11 billion last year.

PNC Financial Services Group Inc. earnings at a glance:

-Earnings (Q1): $1.19 Bln. vs. $1.16 Bln. last year. -EPS (Q1): $2.61 vs. $2.43 last year. -Analysts Estimate: $2.61 -Revenue (Q1): $4.29 Bln vs. $4.11 Bln last year.