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
GIS Earnings: All you need to know about General Mills’ Q2 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its second quarter 2025 earnings results today. Net sales increased 2% year-over-year to $5.2 billion. Organic sales were up 1%. Net earnings attributable to
Earnings Preview: Accenture (ACN) likely had a strong start to fiscal 2025
For Accenture plc. (NYSE: ACN), 2024 was a fruitful year marked by positive financial performance. The professional service firm effectively navigated a challenging market environment leveraging its agile business model
Signet Jewelers (SIG): Fashion remains a strong point for the jewelery retailer
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 3% on Tuesday. The stock has dropped 12% over the past three months. The company faced challenges in the third
