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.
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