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PNC Financial Services Group
PNC reported a 12% rise in its third-quarter earnings.
PNC's quarterly profit surged to $1.04 billion, from $925 million in the year-ago period. On a per-share basis, its earnings climbed to $1.79 from $1.64.
Its total revenue declined 4.1% to $3.92 billion. However, analysts were estimating earnings of $1.62 per share on revenue of $3.88 billion.
PNC shares closed at $72.51 yesterday.
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