PNC Financial: Further Rise In Allowances For Loan Losses Likely [Seeking Alpha]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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US:NYSE Investor Relations:
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Source: Seeking Alpha
SummaryPNC has significant exposure to hard-hit industries like travel, recreation, hotels, and oil and gas.Although most of the impact of the credit quality deterioration has already been taken in 1Q, it is likely that further impact will be visible in the coming quarters.The December 2020 target price suggests a high upside from the current market price.Impact of COVID-19 on provisions expenses in the coming quarters is still uncertain. Due to the risks and uncertainties, I'm adopting a neutral rating on PNC.Earnings of The PNC Financial Services Group (Exposure to Hard-Hit Industries to Drive Provision ExpensesPNC’s provision expenses surged in the first quarter to $914 million from $221 million in the fourth quarter of 2020. The surge was attributable to PNC’s significant exposure to hard-hit industries. As mentioned in the first quarter’sinvestor presentationconference callStrong Demand for Relief Credit to Partially Counter Rate-SensitivityAs evident from the performance in the
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PNC
News
- The PNC Financial Services Group Announces Fourth Quarter and Full Year Conference Call DetailsPR Newswire
- Contemporary Artist Laurance Rassin Exhibits During Miami Art WeekPR Web
- Tiger Woods, Charlie Woods will not play in 2025 PNC Championship [USA TODAY]USA TODAY
- Making Parental Leave Policies Work For All [Forbes]Forbes
- PNC Financial Services Group (PNC): Exploring Current Valuation Following Recent Share Price Fluctuations [Yahoo! Finance]Yahoo! Finance
PNC
Earnings
- 10/15/25 - Beat
PNC
Sec Filings
- 11/25/25 - Form 144
- 11/7/25 - Form 8-K
- 11/7/25 - Form 13F-HR
- PNC's page on the SEC website