Investing.com - PNC Financial (NYSE:PNC) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.88 on revenue of $4.44B. Analysts polled by Investing.com forecast EPS of $2.83 on revenue of $4.41B. That compared to EPS of $2.72 on revenue of $4.32B in the same period a year earlier. The company had reported EPS of $2.61 on revenue of $4.29B in the previous quarter.
For the year, PNC Financial shares are up 18.65%, under-performing the S&P 500 which is up 21.28% year to date.
PNC Financial follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Bank of America earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.74 on revenue of $23.08B. Investing.com analysts expected EPS of $0.71 on revenue of $23.12B
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