PNC Financial Services Group’s (NYSE: PNC) revenue in the second quarter declined 3% and missed the Street’s estimates. The banking firm reported earnings of $8.40 per share, reflecting the gain from the sale of the equity investment in BlackRock. PNC stock was up about 2% in the pre-market trading session.
“While our pre-provision results for the second quarter were good in the context of a lower rate environment and business headwinds, the uncertainty in the economy related to the pandemic resulted in a substantial loan loss reserve build,” said CEO Bill Demchak.
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company