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Sunday, January 16, 2011

Will the PNC Be Right Again (NYSE: PNC)

PNC Financial the Pittsburgh based bank and the nations sixth largest lender is set to report its quarterly results on Thursday morning. The current consensus estimate calls for PNC to earn $1.38 a share. What is set in stone as of today is that PNC will earn approximately $148 million from its sale of BlackRock. BlackRock is a former subsidiary of PNC that PNC will own approximately 20% of after the sale.

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

To see the full PNC report Click Here

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