PNC Financial (PNC) Q2 Earnings Beat on Higher Fee Income
PNCPNC(PNC) ZACKS·2024-07-16 23:40

The PNC Financial Services Group, Inc.’s (PNC) second-quarter 2024 earnings per share of $3.39 surpassed the Zacks Consensus Estimate of $3. In the prior-year quarter, the company reported earnings per share of $3.36.PNC shares have gained 1.2% in the pre-market trading on better-than-expected results.Results were aided by a rise in fee income and higher loan balance, along with reduced expenses. However, a decline in net interest income (NII) and an increase in provisions for credit losses acted as spoilsp ...