PNC Financial Services (PNC) Tops Q1 EPS by 4c, Announces $1B Increase to Authorized Share Repurchases

PNC Financial Services (NYSE: PNC) reported Q1 EPS of $2.97, $0.04 better than the analyst estimate of $2.93. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.47 billion.

• PNC received approval in January 2020 from the Federal Reserve to repurchase up to an additional $1.0 billion in common shares through the end of the second quarter of 2020. This is in addition to the share repurchase programs of up to $4.3 billion for the four-quarter period beginning in the third quarter of 2019, which were announced in June 2019.

For earnings history and earnings-related data on PNC Financial Services (PNC) click here.

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