Brief: PNC Posts Q2 Revenue $6.88 Billion Versus IBES Estimate $6.50 Billion
BRIEF-PNC Posts Q2 Revenue $6.88 Billion Versus IBES Estimate $6.50 Billion July 15 (Reuters) - PNC Financial Services Group Inc PNC.N:
PNC Q2 ADJUSTED EPS $4.85 VERSUS IBES ESTIMATE $4.42
PNC Q2 PROVISION FOR CREDIT LOSSES $191 MILLION VERSUS IBES ESTIMATE $251.7 MILLION
PNC Q2 NET INTEREST INCOME $4.11 BILLION
PNC Q2 CET1 CAPITAL RATIO 9.9%
PNC Q2 ADJ NET INTEREST MARGIN 2.96%
PNC: SHARE REPURCHASE ACTIVITY IN Q3 EXPECTED TO APPROXIMATE Q2 SHARE REPURCHASE LEVELS
PNC: Q2 NONINTEREST INCOME UP 59% & INCLUDED GAIN OF $448 MILLION RELATED TO PNC’S PARTICIPATION IN VISA EXCHANGE PROGRAM
PNC Q2 REVENUE $6.88 BILLION VERSUS IBES ESTIMATE $6.50 BILLION
PNC: $448 MILLION GAIN IN Q2 OFFSET BY $140 MILLION PNC FOUNDATION CONTRIBUTION EXPENSE, $139 MILLION SECURITIES LOSS
PNC: IN Q2, INCURRED INTEGRATION COSTS RELATED TO FIRSTBANK ACQUISITION OF $127 MILLION
Further company coverage: PNC.N
((Reuters.Briefs@thomsonreuters.com;))
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The PNC Financial Services Group, Inc. reports results for the quarter ended September 30 - Earnings Summary