The PNC Financial Services Group, Inc.’s (PNC) fourth-quarter 2023 adjusted earnings per share of $3.16 surpassed the Zacks Consensus Estimate of $2.99. However, the bottom line reflects an 8.9% decline year over year.Results were aided by a rise in loan balances and an improvement in the company’s credit quality. However, an increase in non-interest expenses and lower net interest income (NII) were headwinds.Net income was $883 million, plunging 43% from the prior-year quarter.For 2023, adjusted earnings o ...

The PNC Financial Services Group, Inc (PNC) reported $5.36 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 7%. EPS of $3.16 for the same period compares to $3.49 a year ago.The reported revenue represents a surprise of +1.58% over the Zacks Consensus Estimate of $5.28 billion. With the consensus EPS estimate being $2.99, the EPS surprise was +5.69%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $3.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.69%. A quarter ago, it was expected that this company would post earnings of $3.18 per share when it actually produced earnings of $3.60, delivering a surprise of 13.21%.Over the last four qu ...

Fourth quarter 2023 net income was $0.9 billion, $1.85 diluted EPS or $3.16 as adjusted Grew revenue; increased average loans and deposits PITTSBURGH, Jan. 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q23 3Q23 2023 2022 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q23 vs. 3Q23 Revenue $    5,361 $    5,233 $  21,490 $ 21 ...

Wall Street analysts expect The PNC Financial Services Group, Inc (PNC) to post quarterly earnings of $3 per share in its upcoming report, which indicates a year-over-year decline of 14%. Revenues are expected to be $5.28 billion, down 8.5% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this ...

Wall Street expects a year-over-year decline in earnings on lower revenues when The PNC Financial Services Group, Inc (PNC) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A and private capital advisory services, today announced that Jonathan Abecassis has joined the firm’s London office as a managing director in the firm’s Private Capital Advisory Group, focused on providing a full range of primary and secondary advisory and related capabilities for clients in Europe. Mr. Abecassis most recently served as a managing director and head of capital solutions and GP advisory in the EMEA an ...

The PNC Financial Services Group, Inc. (PNC) is scheduled to report its fourth-quarter 2023 earnings before the opening bell on Jan 16. The company’s revenues and earnings are expected to have witnessed year-over-year declines.In the last reported quarter, its earnings outpaced the Zacks Consensus Estimate on a fall in non-interest expenses and lower provisions. However, a decrease in net interest income (NII) and non-interest income acted as a headwind.Notably, PNC Financial has a decent earnings surprise ...

PITTSBURGH, Jan. 4, 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 will be payable Feb. 5, 2024, to shareholders of record at the close of business Jan. 16, 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, with a payment date of March 10, 2024, will be payable the next busine ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-09718 The PNC Financial Services Group, Inc. (Exact name of ...