UPDATE: PNC Financial Posts Higher Q4 Earnings - PNC Finl Servs Gr (NYSE:PNC)

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PNC Financial Services Group (NYSE: PNC) reported a 46% surge in its fourth-quarter earnings.PNC's quarterly profit rose to $1.05 billion, from $718 million, in the year-ago period. On a per-share basis, its earnings climbed to $1.85 versus $1.24. Its total revenue came in at $4.07 billion. However, analysts were estimating earnings of $1.65 per share on revenue of $3.83 billion. PNC's net interest margin shrank to 3.38% from 3.85%.PNC shares closed at $78.84 yesterday.

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