PNC stock price jumps on earnings beat and buyback outlook as financial services stocks brace for Tuesday
PNC shares rose 3.7% to $223.18 Friday after reporting $2.03 billion in Q4 net income and forecasting $600 million to $700 million in Q1 share repurchases. U.S. markets will close Monday for Martin Luther King Jr. Day. Regions Financial shares fell 2.6% after a weak outlook, while M&T Bank posted higher profit but ended lower.