PNC Bank (PNC)

PNC Financial Services Group said Thursday its profit grew sharply during the third quarter, even though it continues to see loan losses pile up. PNC said earnings available to common shareholders totaled $467 million, or $1.00 per share, in the three months ended Sept. 30. The bank also paid out $95 million in dividends on the $7.6 billion it received last fall as part of the government's Troubled Asset Relief Program. It earned $248 million, or 70 cents a share, a year ago.
Analysts polled by Thomson Reuters forecast earnings for the latest period of 31 cents per share. They typically exclude one-time items from their estimates.

Oct 22 · 9:52:00 AM · Source: AP
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter