PNC Financial Stock Falls Even as Earnings Beat Estimates

Core Insights - PNC Financial Services reported third-quarter earnings per share of $4.35, surpassing Wall Street expectations of $4.05 [1] - The bank's revenue for the quarter was $5.9 billion, exceeding the anticipated $5.8 billion [1] - Compared to the same period last year, PNC's earnings increased from $3.49 per share on revenue of $5.4 billion [1] - Despite strong earnings, PNC's shares fell by 2.2% in premarket trading [1]