PNC Shares Fall After Profit Misses Estimates: New York Mover
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PNC Financial Services Group Inc., the seventh-largest U.S. bank by deposits, fell the most since June after reporting a third-quarter profit that missed analysts’ estimates.
PNC slid 4 percent to close at $60.40 in New York, the worst performance in the 81-company Standard & Poor’s 500 Financials Index. The shares have gained 4.7 percent this year, compared with a 24 percent advance for the index.