headerads

Wednesday, October 20, 2010

The PNC Is Right (NYSE: PNC)

PNC Financial the Pittsburgh based bank and the nations sixth largest lender is set to report its quarterly results tomorrow morning. The current consensus estimate calls for PNC to earn $1.36 a share. What is set in stone as of today is that PNC will earn $135 million profit on its BlackRock division as the company today reported profit of $551 million. BlackRock is a former subsidiary of PNC that is still 24.6% controlled by the company. Allan Edwards the CEO of The Markets Are Open is expecting earnings of $2.09 a share or $1.1 billion.

Shares of PNC remained flattish on the day as investors await the earnings release.

To see the full PNC report Click Here

No comments:

Post a Comment


Privacy Policy | Legal Disclaimer