PNC slips as Q3 revenue misses estimates
BUZZ-PNC slips as Q3 revenue misses estimates ** PNC Financial's PNC.N shares fall 1.7% to $212.2 premarket after Q3 results
** Bank reports Q3 revenue of $6.56 billion, below analysts' average estimate of $6.61 billion, according to data compiled by LSEG
** Posts Q3 net interest income of $4.21 billion, below expectations of $4.25 billion
** However, earnings per share of $5.09 topped estimates of $4.92
** 16 out 23 analysts covering the stock rate it "buy" or above, while 7 rate it "hold"; their median PT is $275
** As of last close, the stock has risen 3.34% YTD
(Reporting by Darshan Kumar in Bengaluru)
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The PNC Financial Services Group, Inc. reports results for the quarter ended September 30 - Earnings Summary