Market Currents
PNC Financial Services (PNC -2.8%) trails the market after its Q4 EPS missed estimates earlier...
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Wednesday, January 18, 2012, 2:47 PM ETPNC Financial Services (PNC -2.8%) trails the market after its Q4 EPS missed estimates earlier today. Profit slid 42% Y/Y as the lender continues to struggle with a decline in revenue and steep charges. One positive takeaway however, is that credit costs continue to fall. Loan loss provisions totaled $190M for the quarter, down significantly from $442M the year prior.
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