PNC Financial Services Group Aktie News

PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%.

The PNC Financial Services Group, Inc. (PNC) Q1 2024 Earnings Call Transcript

U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.

PNC Financial Services Group (PNC) shares lost ground Tuesday as the bank posted a big drop in first-quarter profit and revenue, and offered soft guidance.PNC reported first-quarter net income fell 21% year-over-year to $1.34 billion, although adjusted earnings per share (EPS) of $3.36 exceeded estimates. Revenue declined 8% to $5.15 billion, short of forecasts.

Regional bank PNC Financial reported first-quarter earnings and revenue both slipped from a year ago.

PNC Financial Services reported a 21% fall in first-quarter profit on Tuesday, hurt by lower interest income as the lender paid more to hold customer deposits in a high interest rate environment.

Grew liquidity and capital; reduced expenses; credit quality stable PITTSBURGH , April 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 1Q24 4Q23 1Q23 First Quarter Highlights Financial Results Comparisons reflect 1Q24 vs. 4Q23 Revenue $    5,145 $    5,361 $    5,603   Income Statement   ...

The swing is coming in this next market cycle. While markets may have priced in potential interest rate cuts from the Federal Reserve (the Fed), some stocks have yet to reach their full potential.