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PNC Reports In-Line Third Quarter, Backs Fourth-Quarter Targets
PNC Financial (PNC Quote) Wednesday posted third-quarter earnings matching estimates and forecast that fourth-quarter earnings will be in line with estimates.
The company said earnings for the fourth quarter, including discontinued operations, will be in the range of estimates of $1.10 a share to $1.15 a share. The First Call/Thompson Financial 19-analyst consensus estimate is $1.13 a share. Year-ago earnings for the quarter were $1.01.
PNC said asset quality will remain relatively stable throughout the remainder of 2000. ...
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