PNC Stock Recent News

Markets tumbled this week as a number of factors came into focus, pointing toward rates that would remain higher for longer. A hot jobs report sent stocks plummeting as the economy added 256,000 jobs vs 155,000 expected, dampening the prospects of multiple rate cuts in 2025.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The PNC Financial Services Group, Inc (PNC) have what it takes?

PNC Financial Service Group will soon roll out a new online banking platform that will complement its investment in new branch locations and renovations, bank executives said Thursday (Jan. 16).

The PNC Financial Services Group, Inc. (NYSE:PNC ) Q4 2024 Earnings Conference Call January 16, 2025 10:00 AM ET Company Participants Bryan Gill - EVP and Director of IR Bill Demchak - Chairman and CEO Rob Reilly - EVP and CFO Conference Call Participants John McDonald - Truist Securities Scott Siefers - Piper Sandler Erika Najarian - UBS John Pancari - Evercore Mike Mayo - Wells Fargo Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Capital Markets Bill Carcache - Wolfe Research Matt O'Connor - Deutsche Bank Ebrahim Poonawala - Bank of America Operator Greetings, and welcome to the PNC Financial Services Group Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Strong fee income, higher deposit balances, along with lower expenses, support PNC's Q4 earnings. Yet, a decline in loan balance remains a near-term concern.

While the top- and bottom-line numbers for The PNC Financial Services Group (PNC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.77 per share, beating the Zacks Consensus Estimate of $3.30 per share. This compares to earnings of $3.16 per share a year ago.

PNC Financial on Thursday reported a higher fourth-quarter profit as it earned more in interest payments and set aside less capital to cover potential loan defaults.

Generated Positive Operating Leverage Fourth Quarter 2024 net income was $1.6 billion, $3.77 diluted EPS Grew NII and NIM; increased deposits and capital PITTSBURGH , Jan. 16, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q24 3Q24 2024 2023 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q24 vs. 3Q24 Net interest income (NII) $    3,523 $    3,410 $  13,499 $ 13,916                       Income Statement  ▪   Net interest income increased 3%      and NIM expanded 11 bps  ▪   Fee income decreased 4%, due to      elevated 3Q24 residential mortgage      and capital markets activity  ▪   Other noninterest income of $175     million ▪   Noninterest expense increased 5%     and included $97 million of asset     impairments and the benefit of an      $18 million FDIC special assessment      redu

The PNC Financial Services Group, Inc. PNC will release earnings results for its fourth quarter, before the opening bell on Thursday, Jan. 16, 2025.