Investors are always looking for stocks that are poised to beat at earnings season and The PNC Financial Services Group, Inc. (PNC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because PNC Financial is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possi ...

In its upcoming report, The PNC Financial Services Group, Inc (PNC) is predicted by Wall Street analysts to post quarterly earnings of $3.09 per share, reflecting a decline of 22.4% compared to the same period last year. Revenues are forecasted to be $5.19 billion, representing a year-over-year decrease of 7.4%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the c ...

The PNC Financial Services Group, Inc.’s (PNC) solid balance sheet position and an increase in net interest income (NII) will continue to support its financials. Given the company’s earnings strength, its capital distribution activities seem sustainable. However, an elevated expense base and a lack of loan portfolio diversification are major concerns.PNC Financial thrives on a strong balance sheet position, evidenced by a steady rise in loans and deposit balances. Both loans and deposits witnessed a compoun ...

The PNC Financial Services Group, Inc (PNC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 16, 2024, might help the stock move higher if these key numb ...

PITTSBURGH, April 3, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.55 per share. The dividend, with a payment date of May 5, 2024, will be payable the next business day to shareholders of record at the close of business April 15, 2024. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share will be payable June 10, ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? The PNC Financial Services Group, Inc (PNC) , which belongs to the Zacks Banks - Major Regional industry, could be a great candidate to consider.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.45%.For the last reported quarter, T ...

According to Barron’s, the recent decline in many regional bank stocks, caused by New York Community Bancorp’s (NYSE:NYCB) multitude of problems, appears to have created a good buying opportunity for investors within the sector. Investment bank Keefe, Bruyette & Woods says that, despite NYCB’s issues, just three regional banks of roughly 4,700 experienced any major difficulties in 2023. Meanwhile, a high number of the banks’ valuations are quite low. Also importantly, the many regional banks with relatively ...

National TV spot focuses on longtime strategy that has fueled coast-to-coast expansionPITTSBURGH, March 18, 2024 /PRNewswire/ -- PNC Bank ("PNC") debuted today its new Brilliantly Boring℠ brand campaign, a humorous and self-deprecating nod to the strategy that has fueled its growth for nearly 160 years. The campaign — which kicks off today with the launch of a national TV spot — focuses on how the reliable and responsible way the company operates helps lead to exciting and fulfilling outcomes for its custom ...

PITTSBURGH, March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately. Based in Pittsburgh, Thomas will report to Michael P. Lyons, president. Thomas succeeds Lyons in the role, after Lyons was appointed president Feb. 20, 2024. "Mike brings a unique depth and breadth of experience and a history of strong performance and collaboration to his new role," said Lyons. "I am confident the C&IB business will c ...

In the latest trading session, The PNC Financial Services Group, Inc (PNC) closed at $152.84, marking a +1.67% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.11%. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 0.41%.Shares of the company witnessed a gain of 1.73% over the previous month, trailing the performance of the Finance sector with its gain of 4.89% and the S&P 500's gain of 2.7%.Market participants will be closely following the financial resul ...