Pnc Financial Services Group Inc (PNC) |
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Price: $149.6000
$0.82
0.551%
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Day's High:
| $149.425
| Week Perf:
| -0.91 %
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Day's Low: |
$ 147.84 |
30 Day Perf: |
-0.02 % |
Volume (M): |
33 |
52 Wk High: |
$ 157.69 |
Volume (M$): |
$ 4,886 |
52 Wk Avg: |
$130.95 |
Open: |
$147.22 |
52 Wk Low: |
$109.40 |
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Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
- |
Employees |
59,426 |
Revenues (TTM) (Millions $) |
21,490 |
Net Income (TTM) (Millions $) |
0 |
Cash Flow (TTM) (Millions $) |
-122 |
Capital Exp. (TTM) (Millions $) |
0 |
Pnc Financial Services Group Inc
The Corporation is one of the largest diversified financial
services companies in the United States, operating businesses engaged in regional
community banking; wholesale banking, including corporate banking, real estate
finance and asset-based lending; wealth management; asset management; and global
fund processing services. The Corporation operates directly and through numerous
subsidiaries, providing certain products and services nationally and others in
PNC's primary geographic markets in Pennsylvania, New Jersey, Delaware, Ohio and
Kentucky. The Corporation also provides certain banking, asset management and
global fund processing services internationally.
SUBSIDIARIES The corporate legal structure currently consists of two subsidiary
banks, including their subsidiaries, and over 60 active non-bank subsidiaries.
PNC Bank, N.A., headquartered in Pittsburgh, Pennsylvania, is the Corporation's
principal bank subsidiary.
COMPETITION The Corporation is subject to intense competition from various
financial institutions and from non-bank entities that engage in similar activities
without being subject to bank regulatory supervision and restrictions.
In making loans, the subsidiary banks compete with traditional banking institutions
as well as consumer finance companies, leasing companies and other non-bank
lenders. Loan pricing and credit standards are under competitive pressure as
lenders seek to deploy capital and a broader range of borrowers have access
to capital markets. Traditional deposit activities are subject to pricing pressures
and customer migration as a result of intense competition for consumer investment
dollars. The Corporation's subsidiary banks compete for deposits with not only
other commercial banks, savings banks, savings and loan associations and credit
unions, but also insurance companies and issuers of commercial paper and other
securities, including mutual funds. Various non-bank subsidiaries engaged in
investment banking and private equity activities compete with commercial banks,
investment banking firms, merchant banks, insurance companies, private equity
firms and other investment vehicles.
Company Address: The Tower at PNC Plaza Pittsburgh 15222 PA
Company Phone Number: 762-2265 Stock Exchange / Ticker: NYSE PNC
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Customers Net Income fell by |
PNC's Customers Net Profit Margin fell to |
-9.02 % |
7.28 %
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Stock Performances by Major Competitors |
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Pnc Financial Services Group Inc
In the fourth quarter of 2023, Pnc Financial Services Group Inc reported disappointing financial results, indicating a bearish outlook for the company. The company experienced a slip into a shortfall of $0.02 per share, compared to a positive $15.54 per share in the same period the previous year. Additionally, the earnings per share (EPS) fell from $3.60 in the previous reporting period. One of the key indicators of the company's performance, revenue, sunk by a significant 6.976% to $5.36 billion, as opposed to $5.76 billion in the same financial reporting period a year ago. Although sequentially, there was a modest revenue growth of 2.446% from $5.23 billion, this does little to offset the decline from the previous year. It is concerning that the rest of the Commercial Banks industry managed to record a revenue gain in the fourth quarter of 2023, highlighting Pnc Financial Services Group Inc's underperformance.
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Pnc Financial Services Group Inc
PNC Financial Services Group Inc, one of the leading commercial banks in the industry, faced headwinds in its financial performance during the third quarter of 2023. With earnings and revenue declining year on year, the company's results seemed to defy the general trend in the Commercial Banks sector. However, despite these challenges, PNC Financial Services Group Inc shares have recorded significant gains in recent times, indicating potential optimism among investors. Weak Financial Performance In the third quarter of 2023, PNC Financial Services Group Inc witnessed a decrease of 4.76% in earnings per share, totaling $3.60. The company's revenue also decreased by 5.695% year on year, reaching $5.23 billion. These numbers highlight a concerning trend, especially when compared to its sector peers, who experienced a 9.74% improvement in their top-line relative to the same period a year ago.
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Pnc Financial Services Group Inc
PNC Financial Services Group Inc, a prominent commercial bank, recently declared its financial results for the quarter ending on June 30, 2023. The report revealed a mix of positive and negative indicators, with the company experiencing a decline in earnings per share (EPS) despite an increase in revenue. According to the report, PNC's revenue grew by 3.46% to $5.29 billion compared to $5.12 billion in the same period the previous year. This growth in revenue reflects the company's ability to generate more income from its operations. However, the bottom-line figure, representing the company's net income, decreased by -0.88% to $3.36 per share. This decline is concerning, considering that the income per share was $3.39 in the same period a year before.
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Pnc Financial Services Group Inc
The financial world is buzzing with excitement as PNC Financial Services Group Inc delivered an outstanding performance in the first quarter of 2023. The company's revenue increased by a whopping 19.416% to $5.60 billion when compared to the prior year period. And the good news does not stop there, as the earnings also showed a remarkable increase of 23.22% at $3.98 per share. The surge in revenue and earnings growth demonstrates that PNC Financial Services Group Inc has effectively navigated challenging economic conditions and is reaping the rewards of sound management strategies. The increase in earnings per share also shows that the company has been able to generate more returns for its shareholders.
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Per Share |
Current |
Earnings (TTM) |
10.92 $ |
Revenues (TTM) |
-
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Cash Flow (TTM) |
- |
Cash |
-
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Book Value |
-
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Dividend (TTM) |
4.39 $ |
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Per Share |
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Earnings (TTM) |
10.92 $
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Revenues (TTM) |
- |
Cash Flow (TTM) |
- |
Cash |
-
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Book Value |
- |
Dividend (TTM) |
4.39 $ |
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Company Estimates |
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• Revenue Outlook
Pnc Financial Services Group Inc does not provide revenue guidance.
• Earnings Outlook
Pnc Financial Services Group Inc does not provide earnings estimates.
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