Earnings season is beginning, and PNC Financial (NYSE:PNC) is due to report next week. Unfortunately, investors have already gotten wind that some bad news is on the way. In this video, Motley Fool financial analyst Matt Koppenheffer discusses nearly half a billion dollars worth of charges to PNC's profit this quarter from various sources, and just how bad news that will turn out to be.
Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Visa. The Motley Fool owns shares of Bank of America and PNC Financial Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.