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.
The PNC Financial Services Group, Inc. PNC will release earnings results for its fourth quarter, before the opening bell on Thursday, Jan. 16, 2025.
Beyond analysts' top -and-bottom-line estimates for The PNC Financial Services Group (PNC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
PNC's Q4 2024 results are likely to benefit from a rise in NII. However, rising costs and lower fee income are concerns.
The PNC Financial Services Group (PNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PNC Financial gets its prior hold rating reaffirmed, as its stable dividend growth is overshadowed by weak loan growth and rising loan loss provisions. Macro factors like credit card demand could be a boost, but the risk of rising loan delinquencies and high-interest rates could have an impact. A strong profit margin vs similar banking peers is a plus.
The PNC Financial Services Group (PNC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.