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Wednesday, July 20, 2011

PNC Knocks It Out of The Park (NYSE: PNC)

NEW YORK - PNC Financial the nations fifth largest bank knocked it out of PNC Field in Pittsburgh this morning with earnings of $912 million or $1.67 a share. The company showed lower loan provisions and lower nonperforming loans.

The company's tier 1 ratio improved to a staggering 10.5% well above any of the top 10 U.S. Banks. The company also earned over 15.5% on tangible equity.

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