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Rise in NII & Fee Income to Aid PNC Financial's Q2 Earnings
ZACKS· 2025-07-11 14:50
Core Viewpoint - PNC Financial Services Group, Inc. is expected to report improved revenues and earnings for Q2 2025, driven by higher net interest income and fee income, despite rising expenses and provisions for credit losses [1][11][18]. Financial Performance Expectations - The earnings surprise history of PNC is strong, with an average surprise of 8.39% over the last four quarters [2]. - The Zacks Consensus Estimate for Q2 earnings per share is $3.56, reflecting a year-over-year increase of 7.9% [18]. - Total revenues are projected at $5.62 billion, indicating a 3.8% year-over-year increase [18]. Net Interest Income (NII) - NII is expected to rise by 1-2% in Q2 2025, supported by stable funding and deposit costs [3][4][11]. - The Zacks Consensus Estimate for NII is $3.55 billion, representing a sequential increase of 2% [5]. Loan Growth - Average loans are anticipated to increase by 1% sequentially, with projections indicating a 1.4% rise [4][5]. - Demand for commercial, industrial, real estate, and consumer loans has remained solid [4]. Non-Interest Revenues - Mortgage revenues are expected to decline by 2.7% sequentially, with estimates at $130.4 million due to stable mortgage rates [6][7]. - Asset management and brokerage income is projected to see a slight decline, with the consensus estimate at $387.8 million [8][10]. - Card and cash management revenues are expected to rise by 4.9% sequentially, with estimates at $726.4 million [12]. Expenses and Asset Quality - Non-interest expenses are projected to be stable at $3.43 billion, despite ongoing investments in technology and digitalization [13][14]. - Provisions for credit losses are expected to increase to $252.5 million, a sequential rise of 15.3% [15]. - Non-performing assets (NPAs) are estimated at $2.38 billion, indicating a 2.2% increase from the previous quarter [16]. Market Conditions - Global M&A activity has improved, with deal-making resuming towards the end of the quarter despite initial market volatility due to tariff announcements [9].
SEI to Announce Second-Quarter 2025 Earnings on Wednesday, July 23, 2025
Prnewswire· 2025-07-09 13:00
Public Invited to Monitor Conference Call at 5 p.m. Eastern TimeOAKS, Pa., July 9, 2025 /PRNewswire/ -- SEI® (NASDAQ: SEIC) intends to release earnings for the second quarter 2025 on Wednesday, July 23, 2025, after the market closes. The company will hold a conference call to discuss these financial results beginning at 5 p.m. Eastern time.Analysts and investors are invited to join the call by completing the registration form. The public is invited to listen to the call and replay at ir.seic.com/events-pres ...
Bank of America to Report Second Quarter 2025 Financial Results and Host Investor Conference Call on July 16
Prnewswire· 2025-07-09 13:00
CHARLOTTE, N.C., July 9, 2025 /PRNewswire/ -- As previously announced, Bank of America will report its second quarter 2025 financial results on Wednesday, July 16. The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8 a.m. ET.The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings. A Form 8-K containing Bank of America's financial ...
Top-Ranked Momentum Stocks to Buy in July
ZACKS· 2025-07-08 20:30
Key Takeaways This screen helps investors find top-ranked stocks trading near 52-week highs. Global asset management stock AMG has crushed the market over the past 25 years. Affiliated Managers Group is on the verge of a breakout, yet it is a great value stock.The stock market dipped to start the first full week of July as the trade war takes over the headlines again. The return of trade war uncertainty is not what Wall Street hoped for after several months of seemingly positive tariff negotiation progres ...
WTF Rings Nasdaq Bell, Preparing to Provide Brokerage Services to AIs
Globenewswire· 2025-07-07 20:30
NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) -- Waton Financial Limited (NASDAQ: WTF) (“Waton” or the “Company”), a holding company registered in the British Virgin Islands and engaged primarily in securities brokerage and fintech services through its Hong Kong subsidiaries, Waton Securities International Limited and Waton Technology International Limited, today commemorated its recent initial public offering by ringing the opening bell at the Nasdaq Stock Market in New York. Waton’s ordinary shares began tradi ...
BofA Directs Additional $1 Million to Los Angeles Nonprofits for Evolving Fire Recovery Needs
Prnewswire· 2025-07-07 20:19
Latest Round of Grants Brings BofA Fire-Relief Contributions to Over $3.5 MillionLOS ANGELES, July 7, 2025 /PRNewswire/ -- As Los Angeles hits six months since the onset of the January wildfires, Bank of America continues to support impacted clients, employees and communities and their evolving recovery needs. Most recently, BofA directed more than $1 million in additional philanthropic capital to local nonprofits that are providing resources ranging from helping small businesses reopen and families navigat ...
PNC Raises Common Stock Dividend To $1.70 Per Share
Prnewswire· 2025-07-03 15:23
PITTSBURGH, July 3, 2025 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.70 per share, an increase of $0.10 cents per share, or 6%, from the second quarter dividend of $1.60 per share. The dividend will be payable Aug. 5, 2025, to shareholders of record at the close of business July 15, 2025."The increase in our dividend reflects our continued financial strength and our board's confidence in our strateg ...
AerCap Holdings N.V. To Release Second Quarter 2025 Financial Results on July 30, 2025
Prnewswire· 2025-07-03 12:00
DUBLIN, July 3, 2025 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it will host a conference call and webcast for investors and analysts on Wednesday, July 30, 2025 at 8:30 a.m. Eastern Time to review its second quarter 2025 financial results.AerCap's second quarter 2025 earnings press release will be released before financial markets open in the United States on July 30, 2025. A copy of the press release will be posted on the "Investors" section of AerCap's we ...
Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend 8% to $0.28 Per Share
Prnewswire· 2025-07-01 20:30
CHARLOTTE, N.C., July 1, 2025 /PRNewswire/ -- Bank of America today commented on the results of the Federal Reserve's 2025 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend to $0.28 per share beginning in the third quarter of 2025.The 2025 stress test results indicated that Bank of America's modeled capital depletion improved 100 bps to 170 bps. Capital depletion measures the difference between a firm's CET1 capital ratios at the beginning a ...
eQ Plc Members of the Shareholders’ Nomination Committee
Globenewswire· 2025-07-01 10:00
eQ Plc Stock Exchange Release1 July 2025 at 1:00 p.m. According to the decision of the eQ Plc’s Annual General Meeting, Shareholders’ Nomination Committee comprises of four members and each of the company’s four largest shareholders, based on the ownership status as of 30 June, is entitled to appoint a member. Based on the ownership status of eQ Plc as of 30 June 2025, the shareholders represented in the Nomination Committee are: Fennogens Investments S.A., Rettig Oy Ab, Chilla Capital S.A. and Teamet Oy. T ...