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Pnc Financial Services Group Inc (NYSE: PNC) |
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Price: $176.5400
$2.93 
1.688%
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| Day's High:
| $177.05
| Week Perf:
| 1.84 %
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| Day's Low: |
$ 174.77 |
30 Day Perf: |
-6.12 % |
| Volume (M): |
287 |
52 Wk High: |
$ 216.26 |
| Volume (M$): |
$ 50,380 |
52 Wk Avg: |
$178.77 |
| Open: |
$175.02 |
52 Wk Low: |
$143.52 |
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| Market Capitalization (Millions $) |
71,143 |
| Shares
Outstanding (Millions) |
403 |
| Employees |
54,813 |
| Revenues (TTM) (Millions $) |
21,555 |
| Net Income (TTM) (Millions $) |
5,953 |
| Cash Flow (TTM) (Millions $) |
-4,474 |
| Capital Exp. (TTM) (Millions $) |
0 |
Pnc Financial Services Group Inc
PNC Financial Services Group Inc. is one of the largest diversified financial services firms in the United States. The company operates a wide range of services, including:
1. Regional Community Banking: PNC provides retail banking services aimed at consumers and small businesses within its primary geographic markets.
2. Wholesale Banking: This includes services like corporate banking, real estate finance, and asset-based lending aimed at larger businesses and corporate clients.
3. Wealth Management: PNC offers services to help individuals manage their investments and financial plans.
4. Asset Management: The corporation manages various assets for institutions and individuals, helping them achieve their financial objectives.
5. Global Fund Processing Services: These services facilitate the management and processing of funds on a global scale.
PNC operates through its principal banking subsidiary, PNC Bank, N.A. which is headquartered in Pittsburgh, Pennsylvania, alongside more than 60 non-bank subsidiaries. The company provides its products and services not only in key markets like Pennsylvania, New Jersey, Delaware, Ohio, and Kentucky but also internationally, especially in areas related to banking, asset management, and global fund processing.
Competitive Landscape: PNC competes with a range of financial institutions and non-bank entities that offer similar financial services without the same regulatory oversight. In the lending arena, PNCs subsidiary banks face competition from traditional credit providers, consumer finance companies, leasing firms, and other non-bank lenders, all of which influence loan pricing and credit standards. The competition for deposits comes from various financial entities, including commercial banks, credit unions, insurance companies, and mutual funds, as well as other investment vehicles. Additionally, PNCs non-bank subsidiaries involved in investment banking and private equity compete with various financial organizations, including commercial banks and private equity firms, for business opportunities.
Overall, PNC Financial Services Group Inc. is positioned as a significant player in the financial services industry, navigating a competitive landscape while offering a diverse array of banking and financial products.
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 grew by |
PNC's Customers Net Profit Margin grew to |
7.4 % |
7.39 %
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| Stock Performances by Major Competitors |
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| Pnc Financial Services Group Inc
PNC Financial Services Group Inc: Analyzing Year-to-Date Performance in Context of Market Trends
As we delve into the financial performance of PNC Financial Services Group Inc (NYSE: PNC), it becomes evident that the company has experienced a moderate trajectory in a year that has seen the broader market perform robustly. Specifically, year-to-date (YTD), PNC's shares have underperformed the market by 17.14%. This article aims to unpack the implications of these figures, shedding light on PNC's latest earnings report and the factors contributing to its share performance.
Overview of Recent Financial Results
In the most recent fiscal period, PNC Financial Services Group reported a revenue increase of 2.229%, amounting to $5.41 billion. While this figure represents a positive growth trend, it highlights a relatively modest performance compared to the broader market sector. Net income for PNC grew at a similarly tempered rate of 0.89%, reaching $3.39 per share year-on-year.
For context, revenue was up by 5.17% from the prior quarter, where PNC generated $5.15 billion. Additionally, the company's earnings per share saw a notable increase of 9.35% compared to the previous period, reflecting underlying stability in earnings despite the overall net income remaining unchanged at $0.000 million when compared with the year-ago quarter.
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| Pnc Financial Services Group Inc
As a financial journalist for the CSIMarket.com, I am constantly analyzing and interpreting financial results for our readers. The latest fiscal results for Pnc Financial Services Group Inc have raised eyebrows, with a significant drop in income and revenue for the fiscal span ending March 31, 2024.
Pnc Financial Services Group Inc reported a -22.11% decrease in income per share, falling to $3.10 from $3.98 in the previous year. However, the company did manage to turn around its net profit per share from a loss of $-0.02 to a positive figure. Revenue also took a hit, dropping by -8.174% to $5.15 billion from $5.60 billion in the same period a year prior.
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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, 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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| Per Share |
Current |
| Earnings (TTM) |
16.97 $ |
| Revenues (TTM) |
53.49 $
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| Cash Flow (TTM) |
- |
| Cash |
17.13 $
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| Book Value |
135.16 $
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| Dividend (TTM) |
5.46 $ |
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| Per Share |
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| Earnings (TTM) |
16.97 $
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| Revenues (TTM) |
53.49 $ |
| Cash Flow (TTM) |
- |
| Cash |
17.13 $
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| Book Value |
135.16 $ |
| Dividend (TTM) |
5.46 $ |
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| Other |
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 0.9 % |
of total Revenue |
| Retail Banking |
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12.91 % |
of total Revenue |
| Corporate Institutional Banking |
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18.96 % |
of total Revenue |
| Asset Management Group |
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4.46 % |
of total Revenue |
| Retail Banking Asset management and brokerage |
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2.67 % |
of total Revenue |
| Retail Banking Brokerage fees |
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2.67 % |
of total Revenue |
| Retail Banking Card and cash management |
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5.45 % |
of total Revenue |
| Retail Banking Treasury management fees |
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0.18 % |
of total Revenue |
| Retail Banking Debit card fees |
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3.26 % |
of total Revenue |
| Retail Banking Net credit card fees |
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0.85 % |
of total Revenue |
| Retail Banking Interchange Fees |
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3.07 % |
of total Revenue |
| Retail Banking Credit Card Reward Costs |
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2.23 % |
of total Revenue |
| Retail Banking Merchant services |
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0.74 % |
of total Revenue |
| Retail Banking Other |
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0.35 % |
of total Revenue |
| Retail Banking Lending and deposit services |
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3.41 % |
of total Revenue |
| Retail Banking Deposit account fees |
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3.06 % |
of total Revenue |
| Corporate Institutional Banking Card and cash management |
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7.18 % |
of total Revenue |
| Corporate Institutional Banking Treasury management fees |
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6.85 % |
of total Revenue |
| Corporate Institutional Banking Merchant services |
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0.33 % |
of total Revenue |
| Corporate Institutional Banking Lending and deposit services |
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0.13 % |
of total Revenue |
| Corporate Institutional Banking Other |
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0.29 % |
of total Revenue |
| Corporate Institutional Banking Residential and commercial mortgage |
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0.59 % |
of total Revenue |
| Corporate Institutional Banking Capital markets and advisory |
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4.8 % |
of total Revenue |
| Asset Management Group Asset management and brokerage |
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4.38 % |
of total Revenue |
| Asset Management Group Asset management fees |
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4.38 % |
of total Revenue |
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3.41%