PNC Financial Services Group Inc reports results for the quarter ended March 31 - Earnings Summary

PNC Financial Services

15/04/2025 14:31

PNC Financial Services Group Inc PNC.N reported quarterly adjusted earnings of $3.51​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $3.36.  The mean expectation of twenty analysts for the quarter was for earnings of $3.38 per share. Wall Street expected results to range from $3.29  to $3.54 per share.

Revenue rose 6% to $5.45 billion from a year ago; analysts expected $5.49 billion.

PNC Financial Services Group Inc's reported EPS for the quarter was $3.51​.

The company reported quarterly net income of $1.4 billion.

PNC Financial Services Group Inc shares had fallen by 11.6% this quarter and lost 19.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 3.2% in the last three months.​

In the last 30 days, eleven analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for PNC Financial Services Group Inc is $197.50

This summary was machine generated from LSEG data April 15 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
3.38
3.51
Beat
Dec. 31 2024
3.33
3.77
Beat
Sep. 30 2024
3.30
3.75
Beat
Jun. 30 2024
2.98
3.30
Beat