Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights of PNC Financial’s (PNC) Q1 2022 earnings
The PNC Financial Services Group, Inc. (NYSE: PNC) has announced financial results for the first quarter of 2022, reporting a sharp decline in net profit despite strong revenue growth.
Net income, excluding special items, decreased to $3.29 per share in the most recent quarter from $4.11 per share a year earlier. Unadjusted profit was $1.43 billion or $3.23 per share during the three-month period, compared to $1.83 billion or $4.10 per share in the first quarter of 2021.
“In addition to normal seasonality, fee income was adversely impacted by a general slowdown in capital markets activity; nevertheless, our financial results were solid. Based on this performance, our strong capital levels and the board’s confidence in PNC’s execution of its strategic priorities, we increased the quarterly common stock dividend by 20% in April,” said Bill Demchak, chief executive officer of PNC Financial.
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased