PNC Financial Beats Earnings Estimates on Higher Interest Rates

1 min read
Source: Barron's
PNC Financial Beats Earnings Estimates on Higher Interest Rates
Photo: Barron's
TL;DR Summary

PNC Financial Services Group reported Q1 earnings of $3.98 per share on revenue of $5.6 billion, beating analysts' expectations and causing a jump in the regional bank's stock price. While revenue fell just short of estimates, the strong earnings report is a positive sign for PNC and the stock market as a whole.

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