PNC Financial Q3 Earnings Beat on Higher Fee Income, Costs Rise [Yahoo! Finance]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: Yahoo! Finance
The PNC Financial Services Group, Inc. 's PNC third-quarter 2024 adjusted earnings per share of $3.49 surpassed the Zacks Consensus Estimate of $3.29. In the prior-year quarter, the company reported earnings per share of $3.60. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. Results were aided by a rise in fee income and higher loan balance. However, a decline in net interest income (NII) and an increase in provisions for credit losses, along with a rise in expense base, were major headwinds. Net income (GAAP basis) was $1.5 billion, down 4.1% from the prior-year quarter. PNC's Quarterly Revenues and Expenses Rise Total quarterly revenues were $5.43 billion, up 3.8% year over year. Also, the top line surpassed the Zacks Consensus Estimate of $5.37 billion. Quarterly NII was $3.4 billion, which declined marginally from the year-ago quarter. Net interest margin (NIM) decreased 7 basis points to 2.64%. Our estimate for NII and NIM was $3.36 b
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- Clearpoint Agency Sponsors American Marketing Association San Diego's Annual Marketing Conference for Businesses, Agencies, Marketers – Friday, October 25 at University of San Diego's Knauss School of Business [Yahoo! Finance]Yahoo! Finance
- The PNC Financial Services Group, Inc. (NYSE: PNC) had its price target raised by analysts at Barclays PLC from $209.00 to $229.00. They now have an "overweight" rating on the stock.MarketBeat
- The PNC Financial Services Group, Inc. (NYSE: PNC) had its price target raised by analysts at Wells Fargo & Company from $204.00 to $215.00. They now have an "overweight" rating on the stock.MarketBeat
- The PNC Financial Services Group, Inc. (NYSE: PNC) had its price target raised by analysts at Stephens from $185.00 to $200.00. They now have an "equal weight" rating on the stock.MarketBeat
- Here's Why The PNC Financial Services Group, Inc (PNC) is a Great Momentum Stock to Buy [Yahoo! Finance]Yahoo! Finance
PNC
Earnings
- 10/15/24 - Beat
PNC
Sec Filings
- 10/21/24 - Form 8-K
- 10/21/24 - Form 4
- 10/21/24 - Form 4
- PNC's page on the SEC website