PNC's Q3 Earnings Rise 29% Over A Year Ago

The PNC Financial Services Group, Inc. reported third quarter 2005 earnings of $334 million, or $1.14 per diluted share. This is up 29% on earnings a year ago, which were $258 million, or $0.91 per diluted share. "This was an

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The PNC Financial Services Group, Inc. reported third quarter 2005 earnings of $334 million, or $1.14 per diluted share. This is up 29% on earnings a year ago, which were $258 million, or $0.91 per diluted share.

“This was an excellent quarter for PNC,” said Chairman and Chief Executive Officer James E. Rohr. “Growth in clients, loans and deposits led to robust increases in both net interest income and fees; we made excellent progress in the implementation of our One PNC efficiency initiative; and asset quality continued to be very strong. We are generating positive operating leverage by executing our key strategic initiatives for long-term growth.”

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