NEW YORK (MarketWatch) -- PNC Financial Services Group Inc. (PNC 37.18, -0.23, -0.62%) said Thursday that its second-quarter net income fell to $207 million, or 14 cents a share, from $517 million, or $1.45 a share, in the year-earlier period. The Pittsburgh-based bank said that the latest results include a special FDIC assessment of 19 cents a share and integration costs of 20 cents a share. On average, analysts polled by FactSet Research were expecting earnings of 51 cents a share. Revenue rose to $3.99 billion from $2.04 billion, and net interest income more than doubled to $2.18 billion from $977 million.
Source: marketwatch.com
Thursday, July 23, 2009
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