②PNC Third Quarter 2024 Earnings Conference Call October 15, 2024 Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information Our earnings conference call presentation is not intended as a full business or financial review and should be viewed in the context of all of the information made available by PNC in its SEC filings and on our corporate website. The presentation contains forward-looking statements regarding our outlook for financial performance, such as earnings, revenues, expe ...

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $3.29 per share. This compares to earnings of $3.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.08%. A quarter ago, it was expected that this company would post earnings of $3 per share when it actually produced earnings of $3.30, delivering a surprise of 10%.Over the last four quarters ...

Generated positive operating leverage; grew NII; substantially increased fee income and TBV PITTSBURGH, Oct. 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:For the quarter In millions, except per share data and as noted 3Q24 2Q24 3Q23 Third Quarter Highlights Financial Results Comparisons reflect 3Q24 vs. 2Q24 Net interest income (NII) $    3,410 $    3,302 $    3,418           Income Statement ▪   Generated 1% positive operatingleverage ▪   Revenue stable; nonint ...

Wall Street analysts forecast that The PNC Financial Services Group, Inc (PNC) will report quarterly earnings of $3.29 per share in its upcoming release, pointing to a year-over-year decline of 8.6%. It is anticipated that revenues will amount to $5.37 billion, exhibiting an increase of 2.5% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment ...

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The PNC Financial Services Group, Inc. (PNC) is scheduled to report its third-quarter 2024 earnings on Oct.15, before the opening bell. The bank’s third-quarter 2024 revenues are expected to have improved from the year-ago quarter’s reported level, while earnings are expected to have declined.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the second quarter, PNC’s earnings outpaced the Zacks Consensus Estimate, driven by a rise in fee income, higher loan balance and reduced expe ...

PITTSBURGH, Oct. 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 $1.60 per share. The dividend will be payable Nov. 5, 2024, to shareholders of record at the close of business Oct. 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 will be payable Dec. 10, 2024, to shareholders of record at the close of b ...

PITTSBURGH, Oct. 3, 2024 /PRNewswire/ -- PNC Bank and Akoya today announced the expansion of their existing integration to support corporate data sharing through the Akoya data access network. This feature enhances the ability of corporate clients to securely share their financial data with third parties, including fintechs and data aggregators, that power platforms they use to run their businesses, enhancing security and reliability through API-based connections."By expanding our relationship with Akoya, w ...

The PNC Financial Services Group, Inc. (PNC) remains well-poised for growth on the back of balance sheet strength and strategic growth initiatives. Furthermore, the recent rate cut by the Federal Reserve is expected to bolster its net interest income (NII) growth. However, a mounting expense base and concentrated loan portfolio remain woes.Key Growth Drivers for PNCBalance Sheet Strength: PNC Financial benefits from a strong balance sheet position. Total deposits and loans have witnessed a four-year (2019-2 ...

The PNC Financial Services Group, Inc. (PNC) and Plaid, a fintech company specializing in data transfer networks, have entered into a bilateral data access agreement. This agreement intends to help PNC customers across the United States to securely and efficiently share their financial data with their preferred financial applications through Plaid.PNC is utilizing Akoya as its Application Programming Interface (API) service provider to facilitate the secure transfer of customer financial information to auth ...