The upcoming report from The PNC Financial Services Group, Inc (PNC) is expected to reveal quarterly earnings of $3 per share, indicating a decline of 10.7% compared to the year-ago period. Analysts forecast revenues of $5.3 billion, representing an increase of 0.1% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a compan ...

The PNC Financial Services Group, Inc. (PNC) is scheduled to report its second-quarter 2024 earnings on Jul 16, before the opening bell. The bank’s second-quarter 2024 revenues are expected to have improved from the year-ago reported level, while earnings are expected to have declined.In the last reported quarter, its earnings outpaced the Zacks Consensus Estimate due to a rise in deposit balances and an improvement in the company’s credit quality. However, an increase in non-interest expenses and lower net ...

Core Points - The PNC Financial Services Group, Inc. declared a quarterly cash dividend of $1.60 per share, marking a 3% increase from the previous quarter's dividend of $1.55 per share [1] - The dividend reflects the company's financial strength and the board's confidence in its strategy and outlook, as stated by the CEO William S. Demchak [1] Dividend Details - Series B: Quarterly dividend of $0.45 per share, payable on Sept. 10, 2024, to shareholders of record by Aug. 16, 2024 [1] - Series R: Quarterly dividend of $2,209.97 per share, with a payment date of Sept. 1, 2024, to shareholders of record by Aug. 16, 2024 [1] - Series T: Quarterly dividend of $850.00 per share, payable on Sept. 15, 2024, to shareholders of record by Aug. 30, 2024 [1] - Series U: Quarterly dividend of $1,500.00 per share, payable on Aug. 15, 2024, to shareholders of record by July 31, 2024 [1] - Series V: Quarterly dividend of $1,550.00 per share, payable on Sept. 15, 2024, to shareholders of record by Aug. 30, 2024 [1] - Series W: Quarterly dividend of $1,562.50 per share, payable on Sept. 15, 2024, to shareholders of record by Aug. 30, 2024 [1] Company Overview - PNC is one of the largest diversified financial services institutions in the United States, focusing on strong relationships and local delivery of retail and business banking services [2] - The company offers a full range of lending products, specialized services for corporations and government entities, as well as wealth management and asset management [2]

PITTSBURGH, June 28, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the results of its biennial company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System (Federal Reserve) and the Office of the Comptroller of the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. These company-run stress tests are designed to help assess whether banking organizations have sufficient capita ...

Capital Analysis and Review - The Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR) estimated PNC's minimum capital ratios for the period from Q1 2024 through Q1 2026 under the hypothetical Supervisory Severely Adverse scenario [1] - PNC's calculated Stress Capital Buffer (SCB) for the four-quarter period beginning Oct 1, 2024 is 2.2%, below the regulatory minimum SCB amount of 2.5% [1] - PNC's Common Equity Tier 1 (CET1) ratio of 10.1% as of March 31, 2024 significantly exceeds the regulatory minimum plus SCB (7.0%) [1] - Under the Federal Reserve's projections in the 2024 Supervisory Severely Adverse scenario, PNC's post-stress capital ratios are projected to remain well above regulatory minimums, with minimum and ending CET1 ratios both projected to be 8.3%, compared to the regulatory minimum of 4.5% [1] Dividend and Share Repurchase - PNC plans to recommend a 5 cents per share (3%) increase in the quarterly cash dividend on common stock to $1.60 per share in Q3 2024, consistent with the current capital plan approved by its board [2] - The board of directors has authorized a repurchase framework under the previously approved repurchase program of up to 100 million common shares, with approximately 44% still available for repurchase as of March 31, 2024 [3] - Share repurchase activity in Q3 2024 is expected to be consistent with recent quarterly levels, with actual amounts and timing dependent on market and economic conditions [3] Company Overview - PNC Financial Services Group is one of the largest diversified financial services institutions in the United States, offering retail and business banking, specialized services for corporations and government entities, wealth management, and asset management [4]

Group 1 - PNC Bank has introduced an enhanced scholarship program that will award $10,000 scholarships to 12 students attending or planning to attend college across the United States [1] - The new program builds on PNC's existing scholarship initiative, which has been awarding $2,000 scholarships to 12 students annually for the past decade [1] - The scholarship program aims to provide additional resources to help students achieve their higher education goals, reflecting PNC's commitment to supporting future leaders [1] Group 2 - The scholarship application periods are aligned with the academic year, with two cycles: from June 1, 2024, to November 30, 2024, and from December 1, 2024, to May 31, 2025 [1] - Students who apply in the first cycle but do not win will remain eligible for the second cycle ending May 31, 2025 [1]

Continued sector investment and M&A will reshape the vendor landscape to be driven by artificial intelligence (AI), replacing ineffective EMRs and legacy tools BALTIMORE, June 4, 2024 /PRNewswire/ -- Healthcare consultancy Sage Growth Partners and Harris Williams, a global investment bank specializing in M&A and private capital advisory services, have released a new industry report – "The Current and Future State of Revenue Cycle Management – Market and M&A Trends" – to provide the healthcare market with a ...

PITTSBURGH, June 4, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the second quarter 2024 at approximately 6:30 a.m. (ET), Tuesday, July 16, 2024, 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 (international). ...

PITTSBURGH, June 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 1 p.m. (ET) Tuesday, June 11, at the Morgan Stanley US Financials Conference in New York City.The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, including cautionary statements regarding forward-looking information, als ...

Mortgages backed by the Federal Housing Administration, or FHA loans, have helped thousands of families buy their first homes. With less stringent credit score requirements, lower down payments, and flexible debt-to-income ratios, they serve as a stepping stone to homeownership. Here are the best FHA loan lenders right now. The best FHA lenders of February 2026 Best overall: PNC Bank Why PNC Bank mortgages stand out: PNC Bank offers qualified buyers grants of $10,000 or more, and excels in customer s ...