Categories AlphaGraphs, Earnings, Finance

A visual dashboard of PNC Financial (PNC) Q2 2020 earnings results

PNC Financial Services Group’s (NYSE: PNC) revenue in the second quarter declined 3% and missed the Street’s estimates. The banking firm reported earnings of $8.40 per share, reflecting the gain from the sale of the equity investment in BlackRock. PNC stock was up about 2% in the pre-market trading session.

“While our pre-provision results for the second quarter were good in the context of a lower rate environment and business headwinds, the uncertainty in the economy related to the pandemic resulted in a substantial loan loss reserve build,” said CEO Bill Demchak.

Looking forward to listening to management/ analysts comments on Q2 results? Stay tuned here for PNC Financial Q2 2020 earnings call transcript

PNC Financial Services (PNC) Q2 2020 Earnings Infograph

Most Popular

Hormel Foods (HRL) fine-tunes biz strategy to beat challenges. Is the stock a buy?

For consumer staples companies, rising inflation is probably turning into a bigger challenge than the virus-induced supply chain disruption and store closures. After bettering its position since the early months

HP Inc. (HPQ) stock research summary | Q3 2021

HP Inc has shown a strong performance in Q4 2021. In spite of remote working, HP has shown a strong demand for PC and printer. The company has beat Zacks

VMware Inc. (VMW) stock research summary | Q3 2021

In this era of digital transformation, the technology industry is seeing a rapid influx of innovative products and solutions that help businesses adapt to the fast-changing and complex environment. VMware

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top