PNC Reports Third Quarter 2024 Net Income of $1.5 Billion, $3.49 Diluted EPS [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
PITTSBURGH Oct. 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: In millions, except per share data and as noted Financial Results Net interest income (NII) Income Statement ? Generated 1% positive operating leverage ? Revenue stable; noninterest expense decreased 1%; PPNR increased 2% • NII grew 3%; NIM increased 4 bps • Fee income increased 10%, and included strong capital markets and advisory revenue • Other noninterest income of $69 million included negative Visa derivative fair value adjustments of $128 million; 2Q24 included the benefit of $141 million of significant items Balance Sheet ? Average loans were stable ? Average deposits and securities increased 1% ? Net loan charge-offs were $286 million, or 0.36% annualized to average loans ? ACL to total loans stable at 1.7% ? AOCI improved $2.4 billion or 32% ? TBV per share increased 9% ? Maintained strong capital position – C
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News
- 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