PNC shares gain after higher commercial lending leads to better-than-expected earnings report [CNBC]
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: CNBC
Andrew Harrer | Bloomberg | Getty Images PNC Bank branch Shares of PNC Financial Services rose nearly 2 percent in premarket trading Friday after beating estimates in its second-quarter earnings report. The regional bank reported earnings of $2.72 per share, beating estimates from analysts surveyed by Thomson Reuters by 14 cents. PNC also posted better-than-expected revenue, bringing $4.32 billion, compared to $4.25 billion expected. PNC showed growth across several key metrics compared to the same quarter a year ago, reporting an increase in both commercial and consumer lending, up 3 percent and 1 percent, respectively, as well as net interest income, which rose 7 percent. PNC stock has risen over 10 percent in the past year, as of Thursday's close at $137.99 per share.
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PNC
News
- PNC BANK INVESTS $20 MILLION IN LOCAL INITIATIVES SUPPORT CORPORATION TO FUEL GROWTH IN UNDER-RESOURCED COMMUNITIES NATIONWIDE [Yahoo! Finance]Yahoo! Finance
- PNC BANK INVESTS $20 MILLION IN LOCAL INITIATIVES SUPPORT CORPORATION TO FUEL GROWTH IN UNDER-RESOURCED COMMUNITIES NATIONWIDEPR Newswire
- PNC Bank mortgage review 2024 [Yahoo! Finance]Yahoo! Finance
- Baker Hill Expands Product Team to Continue Driving Innovation in Lending and Risk Management [Yahoo! Finance]Yahoo! Finance
- The PNC Financial Services Group, Inc (PNC) Stock Moves -0.3%: What You Should Know [Yahoo! Finance]Yahoo! Finance
PNC
Earnings
- 1/16/24 - Beat
PNC
Sec Filings
- 3/22/24 - Form 3
- 3/22/24 - Form 13F-HR/A
- 3/13/24 - Form DEFA14A
- PNC's page on the SEC website