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American City Business Journals
Zeroing in on PNC’s Q4 charge-offs, expenses
Given an uncertain economy and a mild recession on the horizon, credit quality has been a big focus as banks report quarterly earnings. PNC Financial Services Group Inc. (NYSE:PNC), which posted fourth-quarter earnings on Wednesday, is no exception. During PNC’s investors call, financial analysts dug in as the bank beat Q4 2021 numbers handily but earnings per share lagged estimates.