PNC Raises Q3 NII Outlook on Outperformance in Capital Markets [Yahoo! Finance]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: Yahoo! Finance
At the 2024 Barclays Global Financial Services Conference, The PNC Financial Services Group, Inc .'s PNC chairman and chief executive officer, William S. Demchak, stated that the company expects to report its third-quarter 2024 net interest income (NII) at the higher end of its previously projected 1-2% growth range. Demchak said, “We'd be at the high end of the guide or even better simply on the outperformance of Harris Williams in capital markets relative to what we had expected.” Harris Willams is a global investment bank and maintains its corporate identity as a subsidiary of PNC Financial. Some other major banks like Citigroup C and The Goldman Sachs Group, Inc . GS also participated in the conference and provided updated guidance. Citigroup stated that the company's Investment Banking fees are anticipated to jump 20% from the year-ago period in the third quarter of 2024. This will likely be driven by upbeat activity across debt capital markets and mergers and acquisitions.
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PNC
News
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PNC
Earnings
- 7/17/24 - Beat
PNC
Sec Filings
- 10/4/24 - Form 144
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- PNC's page on the SEC website