Skip to main content

PNC Financial Services Group (PNC) To Report Earnings Tomorrow: Here Is What To Expect

PNC Cover Image

Financial services giant PNC (NYSE: PNC) will be announcing earnings results this Friday before market hours. Here’s what to look for.

PNC Financial Services Group beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $5.95 billion, up 6.3% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ revenue estimates but a slight miss of analysts’ net interest income estimates.

Is PNC Financial Services Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting PNC Financial Services Group’s revenue to grow 6.7% year on year to $5.97 billion, improving from the 1.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.23 per share.

PNC Financial Services Group Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. PNC Financial Services Group has missed Wall Street’s revenue estimates twice over the last two years.

Looking at PNC Financial Services Group’s peers in the diversified banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Bank of America delivered year-on-year revenue growth of 7.1%, beating analysts’ expectations by 3.4%, and JPMorgan Chase reported revenues up 6.9%, in line with consensus estimates. JPMorgan Chase traded down 5.2% following the results.

Read our full analysis of Bank of America’s results here and JPMorgan Chase’s results here.

Investors in the diversified banks segment have had steady hands going into earnings, with share prices flat over the last month. PNC Financial Services Group is up 1.1% during the same time and is heading into earnings with an average analyst price target of $236.12 (compared to the current share price of $210.89).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  239.73
+3.08 (1.30%)
AAPL  260.37
+0.41 (0.16%)
AMD  236.36
+12.76 (5.71%)
BAC  52.74
+0.26 (0.50%)
GOOG  332.74
-3.57 (-1.06%)
META  622.17
+6.65 (1.08%)
MSFT  460.45
+1.07 (0.23%)
NVDA  188.50
+5.36 (2.93%)
ORCL  192.14
-1.47 (-0.76%)
TSLA  442.32
+3.12 (0.71%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.