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 ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .We're headed into the first earnings season since the Fed started what is likely to become a new easing cycle. As I wrote in a recent in-depth article , it looks like theAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies menti ...

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 ...

PNC Financial and Plaid Partnership - PNC Financial Services Group has entered into a bilateral data access agreement with Plaid, a fintech company specializing in data transfer networks, to enable PNC customers to securely share financial data with preferred financial applications [1] - PNC is utilizing Akoya as its API service provider to facilitate secure transfer of customer financial information to authorized data recipients, with Akoya Data Access Network integrated into PNC Bank since 2021 [1] - The partnership aims to help PNC clients maintain greater control over their financial tools and enhance data security, privacy, and control while using third-party financial apps [1][3] Industry Trends in API Technology - Major banks like Wells Fargo and U S Bancorp are also enhancing their API technologies, with Wells Fargo launching specialized APIs for Commercial Banking clients to automate data transfer and reduce delays [2] - U S Bancorp's subsidiary Elavon launched the Elavon Cloud Payments Interface in June, aimed at simplifying digital and in-person payment experiences for hospitality-related entities [2] Management Commentary - Natalie Talpas, PNC's executive vice president of Digital and Payments, emphasized that the Akoya-provided API allows fast connectivity for data recipients like Plaid while enabling customers to control financial data permissions without sharing login credentials [3] - Talpas highlighted that the partnership with Plaid will provide PNC customers with greater data security, privacy, and control when using third-party financial apps [3] Strategic Implications and Market Performance - PNC's agreement with Plaid underscores the bank's commitment to enhancing digital banking and empowering customers with greater security and control over financial data [4] - The strategic move is expected to solidify customer loyalty, attract new clients seeking advanced digital solutions, and potentially increase transaction volumes and revenue streams [4] - Over the past month, PNC's shares have gained 20 2%, outperforming the industry's growth of 8 7% [4]