Seeking Alpha

PNC Financial expects Q4 EPS to be cut by $0.47 thanks to recent developments regarding...

PNC Financial expects Q4 EPS to be cut by $0.47 thanks to recent developments regarding mortgages. The company is taking a $70M charge due to this week's foreclosure-abuse settlement. Extrapolating recent developments from GSE repurchase requests, PNC provisions an additional $254M. Shares -1.3% premarket.
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