October 16, 2019 / 10:57 AM / a month ago

PNC Financial quarterly net profit falls marginally

Oct 16 (Reuters) - U.S. regional bank PNC Financial Services Group Inc on Wednesday posted a near 1% fall in net profit as the bank set aside more money to cover bad loans.

The Pittsburgh, Pennsylvania-based bank's net income attributable to common shareholders fell to $1.32 billion in the third quarter ended Sept. 30, from $1.33 billion, a year earlier. (reut.rs/33yWkud)

On a per share basis, quarterly earnings rose to $2.94 from $2.82 a year earlier. (reut.rs/33yWkud)

Total revenue rose 3% to $4.49 billion. (Reporting by C Nivedita in Bengaluru; Editing by Shailesh Kuber)

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