Tuesday, 17 October 2023

PNC Financial Services Group reports Q3 earnings. Here’s all you need to know

by Rose White

The PNC Financial Services Group, Inc. (NYSE: PNC) reported lower revenue and earnings for the third quarter of 2023. An increase in profit in the Retail Banking and Corporate & Institutional Banking segments was more than offset by declines in the other divisions.

PNC Financial Services Group reports Q3 earnings. Here’s all you need to know

PNC Financial Services Group reports Q3 earnings. Here’s all you need to know

Net income attributable to common shareholders was $1.57 billion or $3.60 per share in the September quarter, compared to $1.64 billion, or $3.78 per share in the prior-year period.

Revenues declined 6% annually to $5.23 billion during the three-month period. Total deposits amounted to $423.6 billion, and the company had total loans of $319.5 billion at the end of the quarter.

Prior performance

  • PNC-Financial-Q4-2022-Earnings-Infographic
  • The PNC Financial Services Group Q3 2022 earnings infographic

The post PNC Financial Services Group reports Q3 earnings. Here’s all you need to know first appeared on AlphaStreet.

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