Investing.com - PNC Financial (NYSE:PNC) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PNC Financial announced earnings per share of $3.26 on revenue of $4.21B. Analysts polled by Investing.com anticipated EPS of $2.59 on revenue of $4.13B.
PNC Financial shares are up 8% from the beginning of the year, still down 0.71% from its 52 week high of $162.66 set on January 7. They are outperforming the S&P 500 which is up 1.05% from the start of the year.
PNC Financial follows other major Financial sector earnings this month
PNC Financial's report follows an earnings beat by BlackRock on Thursday, who reported EPS of $10.18 on revenue of $4.48B, compared to forecasts EPS of $8.66 on revenue of $4.18B.
First Republic Bank had beat expectations on Thursday with fourth quarter EPS of $1.6 on revenue of $1.1B, compared to forecast for EPS of $1.52 on revenue of $1.02B.
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