Investing.com - PNC Financial (NYSE:PNC) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
PNC Financial announced earnings per share of $3.68 on revenue of $5.13B. Analysts polled by Investing.com anticipated EPS of $3.26 on revenue of $5.14B.
PNC Financial shares are up 10% from the beginning of the year and are trading at $222.20 , down-from-52-week-high.They are outperforming the S&P 500 which is down 2.17% 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 Friday, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Wells Fargo&Co had beat expectations on Friday with fourth quarter EPS of $1.38 on revenue of $20.86B, compared to forecast for EPS of $1.11 on revenue of $18.84B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar