PNC Stock Recent News

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 March 2025, 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 $3.51 per share, beating the Zacks Consensus Estimate of $3.40 per share. This compares to earnings of $3.36 per share a year ago.

U.S. bank PNC Financial reported a rise in first-quarter profit on Tuesday, helped by a boost in interest income.

Expanded NIM; increased capital and TBV; maintained solid credit quality metrics PITTSBURGH , April 15, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 1Q25 4Q24 1Q24 First Quarter Highlights Financial Results Comparisons reflect 1Q25 vs. 4Q24 Net interest income $    3,476 $    3,523 $    3,264           Income Statement ▪   Net interest income decreased 1%     driven by two fewer days in the     quarter, partially offset by the benefit     of lower funding costs and fixed rate     asset repricing –  NIM expanded 3 bps to 2.78% ▪   Fee income decreased 2% due to a     slowdown in capital markets activity     and seasonality ▪   Other noninterest income of $137     million included negative $40 million     of Visa derivative adjustments ▪   Noninterest expense decreased 3%     as a result of 4Q24 asset     impairments and seasonal

Gerard Cassidy, RBC Capital Markets Managing Director, joins 'Closing Bell Overtime' to talk quarterly banking results.

A decline in NII and fee income and a rise in provisions are expected to have hurt PNC's Q1 earnings.

Evaluate the expected performance of The PNC Financial Services Group (PNC) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

PNC Financial Services Group on Monday appointed former BlackRock executive Mark Wiedman as president, effective immediately.

Finance Executive to Accelerate Growth and Extend Strong Leadership Team PITTSBURGH , April 7, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Mark Wiedman as president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately. Wiedman will report to PNC Chairman and Chief Executive Officer William S.

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC CEO Bill Demchak.