The PNC Financial Services Group, Inc. ($PNC) Q3 Profit Falls, Surpass Market Expectation

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The third quarter performance of The PNC Financial Services Group, Inc. (NYSE: PNC) was unveiled to investors as the company released its earnings before the commencement of trading on the stock market for that day.

The enterprise closed the quarter with a income of $3.49 per share, outplayed the street estimated $3.30 profit per share by $0.19.

Meanwhile, the revenues for the quarter measuring $5432 million, gone beyond market predicted $5388.82 million by $43.185 million.

Period EPS
Actual
EPS
Growth*
Revenue
Actual
Revenue
Growth*
Q3 2024 $3.49 -3.1% 5.43 B +3.8%
Historical Earnings Insight
Q2 2024 $3.30 -1.8% 5.41 B +2.2%
Q1 2024 $3.36 -15.6% 5.15 B -8.2%
Q4 2023 $3.16 -9.5% 5.36 B -7.0%
Q3 2023 $3.60 -4.8% 5.23 B -5.7%
Q2 2023 $3.36 -1.8% 5.29 B +3.5%
*Growth on year-over-year basis

 

The topline accelerated 3.8 percent, at the same time the bottomline down 3.06 percent relative to the same quarter of preceding year.

The PNC Financial Services Group (PNC) shares traded as low as $186.13 and as high as $189.69 on a day volume of 2.21 million shares, closed Monday's regular trading session at $188.52, a gain of 0.40 percent.