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

|About: PNC Financial Services G... (PNC)|By:, SA News Editor
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.