Investing.com - PNC Financial (NYSE:PNC) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PNC Financial announced earnings per share of $-1.9 on revenue of $4.08B. Analysts polled by Investing.com anticipated EPS of $0.8 on revenue of $4.09B.
PNC Financial shares are down 36% from the beginning of the year , still down 37.41% from its 52 week high of $161.79 set on December 30, 2019. They are under-performing the S&P 500 which is down 1.03% 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 JPMorgan on Tuesday, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.19 on revenue of $30.41B.
UnitedHealth had beat expectations on Wednesday with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.18 on revenue of $63.34B.
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