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
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
