Categories AlphaGraphs, Earnings, Finance
PNC Earnings: PNC Financial’s Q3 profit drops despite revenue growth
The PNC Financial Services Group, Inc. (NYSE: PNC) Tuesday reported mixed results for the third quarter of 2024, with earnings declining and revenue increasing year-over-year.
Net income attributable to common shareholders was $1.40 billion or $3.49 per share in the September quarter, compared to $1.44 billion or $3.60 per share in the comparable period of 2023. The company declared a quarterly cash dividend of $1.60 per share, to be paid on November 5, 2024, to shareholders of record as of October 16, 2024.
Revenues moved up 4% annually to $5.44 billion in Q3. During the quarter, the company returned $0.8 billion of capital to shareholders, reflecting about $0.6 billion of dividends and more than $0.1 billion of common share repurchases.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
Walmart (WMT) is gearing up to report Q3 results. Here’s what to expect
Walmart Inc. (NYSE: WMT) has consistently delivered stable performance across various market conditions, with the company's focus on grocery and other consumer essentials driving store traffic. The retail giant’s rapidly
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
