16.01.2024 12:54:01 - dpa-AFX: PNC Financial Services Group Inc. Q4 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - PNC Financial Services Group Inc. (PNC) reported a
profit for fourth quarter that decreased from the same period last year but
beat the Street estimates.

The company's earnings came in at $744 million, or $1.85 per share. This
compares with $1.41 billion, or $3.47 per share, in last year's fourth quarter.

Excluding items, PNC Financial Services Group Inc. reported adjusted earnings of
$1.27 billion or $3.16 per share for the period.

Analysts on average had expected the company to earn $2.94 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 6.9% to $5.36 billion from $5.76
billion last year.

PNC Financial Services Group Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $744 Mln. vs. $1.41 Bln. last year.
-EPS (Q4): $1.85 vs. $3.47 last year.
-Analyst Estimates: $2.94
-Revenue (Q4): $5.36 Bln vs. $5.76 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
PNC FINL SERVICES GRP DL5 867679 Frankfurt 140,000 27.05.24 08:47:32 ±0,000 ±0,00% 0,000 0,000 140,000 140,000

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