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
Key metrics from Tyson Foods’ (TSN) Q4 2024 earnings results
Tyson Foods, Inc. (NYSE: TSN) reported its fourth quarter 2024 earnings results today. Sales of $13.6 billion rose 1.6% from the prior-year period. Net income attributable to Tyson was $357
SHOP Earnings: Shopify reports 26% growth in Q3 2024 revenue
E-commerce company Shopify Inc. (NYSE: SHOP) Tuesday reported a double-digit increase in third-quarter revenues, reflecting strong performance across all operating segments. September quarter revenues climbed 26% year-over-year to $2.16 billion,
HD Earnings: Key quarterly highlights from Home Depot’s Q3 2024 financial results
The Home Depot (NYSE: HD) reported its third quarter 2024 earnings results today. Sales were $40.2 billion, up 6.6% from the same period last year. Comparable sales decreased 1.3%.