Thursday, July 19, 2007

UPDATE 1-PNC Financial second-quarter profit rises

(Reuters) - NEW YORK, July 19 - PNC Financial Services Group Inc. , a fast-growing Northeast U.S. regional bank, said on Thursday that second-quarter profit rose, helped by acquisitions and growth in existing businesses. Net income for the Pittsburgh-based company rose to $423 million from $381 million. Earnings per share fell to $1.22 from $1.28 because PNC had more shares outstanding.



Adjusted earnings rose to $434 million from $386 million, and fell to $1.25 from $1.30 on a per-share basis.


Read more at Reuters.com Market News

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