Generated Positive Operating LeverageFourth Quarter 2024 net income was $1.6 billion, $3.77 diluted EPSGrew NII and NIM; increased deposits and capital PITTSBURGH, Jan. 16, 2025 /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 4Q24 3Q24 2024 2023 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q24 vs. 3Q24 Net interest income (NII) $    3,52 ...

Wall Street analysts expect The PNC Financial Services Group, Inc (PNC) to post quarterly earnings of $3.30 per share in its upcoming report, which indicates a year-over-year increase of 4.4%. Revenues are expected to be $5.47 billion, up 2.1% from the year-ago quarter.The current level reflects an upward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this ...

The PNC Financial Services Group, Inc. (PNC) is scheduled to report fourth-quarter 2024 earnings on Jan. 16, before the opening bell. The bank’s fourth-quarter 2024 revenues and earnings are expected to have improved from the year-ago quarter’s reported level.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, PNC’s earnings outpaced the Zacks Consensus Estimate, driven by a rise in fee income and higher loan balance. However, a decline in NII and an increa ...

Earnings Outlook for PNC Financial Services Group - PNC Financial Services Group is expected to report a year-over-year increase in earnings and revenues for the quarter ended December 2024 [1] - The consensus estimate for quarterly earnings is $3.30 per share, representing a year-over-year increase of 4.4% [3] - Revenues are expected to be $5.47 billion, up 2.1% from the year-ago quarter [3] - The stock price may move higher if the actual results exceed expectations, or lower if they miss [2] Estimate Revisions and Earnings ESP - The consensus EPS estimate for PNC has been revised 1.1% higher over the last 30 days [4] - The Most Accurate Estimate for PNC is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.31% [11] - A positive Earnings ESP combined with a Zacks Rank of 3 (Hold) suggests PNC is likely to beat the consensus EPS estimate [11] - Stocks with a positive Earnings ESP and Zacks Rank of 1, 2, or 3 produce a positive surprise nearly 70% of the time [8] Historical Earnings Performance - PNC has beaten consensus EPS estimates in each of the last four quarters [13] - In the last reported quarter, PNC delivered a surprise of +6.08%, with actual earnings of $3.49 per share compared to the expected $3.29 [12] Industry Comparison - Bank of America (BAC), another player in the Financial - Investment Bank industry, is expected to post earnings of $0.78 per share for the quarter ended December 2024, a year-over-year increase of 11.4% [17] - BAC's revenues are expected to be $25.23 billion, up 14.9% from the year-ago quarter [17] - BAC's consensus EPS estimate has been revised 0.7% higher over the last 30 days, but it has an Earnings ESP of -1.09%, making it difficult to predict an earnings beat [18] - BAC has beaten consensus EPS estimates in each of the trailing four quarters [18]

The Future Investor with Albert Anthony is an author concept launched on the Seeking Alpha platform, focusing on growing a diversified portfolio and unlocking future drivers of performance by covering stocks across multiple sectors.Albert Anthony is the pen name of a contributing analyst who has covered over +200 stocks on this platform since 2023, growing to over 1.07K followers. Based on this new article series, he is also working on a new book on Amazon to be called The Future Investor: Growing a Diversi ...

The PNC Financial Services Group, Inc. (PNC) shares have gained 26.8% in the past six months, outperforming the industry’s growth of 21.6%. The stock has also outperformed its close peers like Bank of America Corporation (BAC) and Citigroup Inc. (C) in the same time frame.Six-Month Price Performance Image Source: Zacks Investment Research After such a strong rally, investors are left wondering whether they should buy the PNC stock now or wait for a better entry point. Let us find out.What’s Aiding PNC’s Per ...

The PNC Financial Services Group, Inc. (NYSE:PNC) Goldman Sachs 2024 U.S. Financial Services Conference Transcript November 10, 2024 1:00 PM ET Company Participants William Demchak - CEO and Chairman Robert Reilly - Vice President & Chief Financial Officer Conference Call Participants Richard Ramsden - Goldman Sachs Richard Ramsden Okay, so I'm delighted to be joined by Bill Demchak. Bill is the CEO and Chairman of PNC. On my calculations, I think it's the 10 time that you have presented this in a row, alth ...

PITTSBURGH, Dec. 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the fourth quarter and full year 2024 at approximately 6:30 a.m. (ET), Thursday, Jan. 16, 2025, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET).Dial in numbers are (866) 604-1697 and (215) 268-9875 ( ...

PITTSBURGH, Nov. 26, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 1:00 p.m. (ET), Tuesday, Dec. 10, at the Goldman Sachs Financial Services Conference in New York City.The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, inclu ...

Core Insights - PNC Financial Services Group has partnered with GTreasury to enhance its digital treasury solutions, integrating PNC's PINACLE Connect with GTreasury's platform [1][2] Group 1: Partnership and Integration - The collaboration aims to streamline treasury operations for mutual clients, allowing for more efficient processes and reducing the need for multiple partner platforms [2] - Key services integrated include payment automation (ACH, wire, and real-time payments), reconciliation through real-time payment status updates, and cash management reporting [2] - The client onboarding process will be simplified to decrease implementation time and technology resource requirements [3] Group 2: Competitive Landscape - Other banks like Wells Fargo and Deutsche Bank are also enhancing their API technologies to improve client services [4][5] - Wells Fargo launched specialized APIs for Commercial Banking clients to facilitate data transfer among trading partners [4] - Deutsche Bank expanded its collaboration with Bitpanda to provide real-time payment solutions in Germany [5] Group 3: Management Insights - Howard Forman from PNC emphasized that the integration with GTreasury enhances their Treasury Management platform, helping clients automate processes and optimize liquidity [6] Group 4: Previous Initiatives - Prior to the GTreasury partnership, PNC entered a data access agreement with Plaid to help customers share financial data securely with preferred applications [7] - In 2022, PNC acquired Linga to enhance services for the hospitality sector, providing tailored financial tools [8] Group 5: Strategic Direction - PNC is focused on strengthening its digital and banking solutions through strategic partnerships and acquisitions, reflecting a commitment to innovation [9] - These efforts are expected to solidify customer loyalty and attract new clients, potentially increasing transaction volumes and revenue [10] Group 6: Financial Performance - Over the past six months, PNC shares have increased by 34.7%, outperforming the industry growth of 22.6% [11]