BUZZ - PNC shares drop as third-quarter revenue misses expectations

October 15 - ** After PNC Financial Services Group (PNC.N) released its third-quarter earnings report, its share price fell 1.7% in pre-market trading to $212.2

** According to data compiled by London Stock Exchange Group (LSEG), the bank reported (link) third-quarter revenue of $6.56 billion, below analysts' average forecast of $6.61 billion

** Third-quarter net interest income was $4.21 billion, lower than the market expectation of $4.25 billion

** However, earnings per share were $5.09, higher than the estimated $4.92

** Out of 23 analysts covering the stock, 16 rated it as “buy” or higher, while 7 gave it a “hold” rating; the median target price was $275

** As of the previous trading day's close, the stock had risen 3.34% year-to-date

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