The PNC Financial Services Group reported Q3/16 net income of $1 billion, which compared to net income of $1.1 billion a year earlier. Earnings per share of $1.84 exceeded analysts’ estimates of $1.78.
The following highlights were excerpted from the news release:
“PNC delivered another good quarter,” said William S. Demchak, chairman, president and CEO. “We grew revenue and managed expenses, loans and deposits increased, and capital levels were strong. Looking ahead, we continue to lay the groundwork for greater efficiencies and revenue growth to deliver positive operating leverage and create long-term shareholder value.”
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