PNC Reports First Quarter 2020 Net Income of $915 Million, $1.95 Diluted EPS
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PNC Financial Services (PNC) Tops Q1 EPS by 24c, Revenues Beat
April 15, 2020 6:46 AM EDTPNC Financial Services (NYSE: PNC) reported Q1 EPS of $1.95, $0.24 better than the analyst estimate of $1.71. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.38 billion.
First quarter 2020 compared with fourth quarter 2019
Net income was $915 million, a decrease of $466 million driven by a higher provision for credit losses.Total revenue of $4.5 billion declined $92 million, or 2 percent.Net interest income of $2.5 billion increased $23 million, or 1 percent, primarily... More