
PNC Financial Services Group reported its Q3 2024 earnings, surpassing analyst expectations with an adjusted EPS of $3.49 compared to the estimated $3.33. The company also reported revenue of $5.43 billion, exceeding the forecasted $5.39 billion. PNC's total loans amounted to $321.38 billion, slightly below the estimated $321.72 billion. Despite a positive performance, the company faced challenges with lower interest income and higher loan provisions. Noninterest expenses were reported at $3.3 billion, with a negative Visa derivative fair value adjustment of $128 million impacting the results. The company reported a net income of $1.5 billion.
💰 PNC Financial $PNC EPS. vs Forecast 3.49 / 3.3 🟢 Rev. vs Forecast 5.43B / 5.39B 🟢 Market Cap: 76.03B
🏦 PNC Financial’s Q3 profit falls on lower interest income and higher loan provisions Tickers of interest: $PNC $XLF Full Story → https://t.co/QN7kz2Rrju https://t.co/QZpGAbl4v2
$PNC (+0.8% pre) PNC Reports Third Quarter 2024 Net Income of $1.5 Billion, $3.49 Diluted EPS - PRN https://t.co/xj5wFJFt7H


