PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 Million FDIC Special Assessment
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Go back to PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 Million FDIC Special Assessment
April 17, 2024 11:15 AM EDT
Jefferies analyst Ken Usdin lowered the price target on PNC Financial (NYSE: PNC) to $162.00 (from $171.00) while maintaining a Hold rating.
The analyst comments "Tailwinds from fixed-rate asset repricing provide path to outsized NII growth in 2025 compared to peers. Capital markets revenues rebound... More
April 17, 2024 4:45 AM EDT
Evercore ISI analyst John Pancari lowered the price target on PNC Financial (NYSE: PNC) to $175.00 (from $184.00) while maintaining a Outperform rating.
The analyst comments "Coming out of PNCs 1Q24 results, we are revising our 2024 EPS to $12.42 from $12.19. Our 2025 EPS is unchanged at $14.48. Our 2024 EPS revision of $0.23/share reflects the $0.34/share 1Q24 beat, tempered by a modest negative revision to our 2Q-4Q24 PPNR outlook (mainly fees). Our NII forecast remains near the mid-point of FY24 guidance of down 4-5%... More
April 16, 2024 6:36 AM EDT
PNC Financial Services (NYSE: PNC) reported Q1 EPS of $3.36, $0.34 better than the analyst estimate of $3.02. Revenue for the quarter came in at $5.15 billion versus the consensus estimate of $5.19 billion.
For earnings history and earnings-related data on PNC Financial Services (PNC) click here.
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