The PNC Financial Services Group, Inc. (NYSE:PNC) diversified financial service provider, is reporting third quarter earnings results on Wednesday 14th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.12 per share.
For the full year, analysts predict revenues of $ 16430.90 million, while looking forward to income of $ 14.21 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 16,936.00 million ~ $ 17,470.00 million
Click Here For More Historical Outlooks Of The PNC Financial Services Group, Inc.
Previous Quarter Performance
The PNC Financial Services Group, Inc. came out with income for the second quarter of $ 8.40 per share, from the revenue of $ 4,076.00 million, On adjusted basis, PNC reported loss for the quarter of $ 1.90 per share. The quarterly earnings escalated 191.67 percent while revenues decreased 3.30 percent compared with the same quarter last year. Street analysts expected The PNC Financial Services Group, Inc. to report income of $ 0.51 per share on revenue of $ 4106.27 million for the second quarter. The bottom line results missed street analysts by $ 2.41 or 472.55 percent, at the same time, top line results fell short of analysts by $ 30.27 million or 0.74 percent.
Stock Performance
Shares of The PNC Financial Services Group, Inc. traded low $ -3.77 or -3.24 percent on Tuesday, reaching $ 112.51 with volume of 2.20 million shares. The PNC Financial Services Group, Inc. has traded high as $ 116.23 and has cracked $ 111.90 on the downward trend
According to the previous trading day, closing price of $ 112.51, representing a 46.43 % increase from the 52 week low of $ 79.41 and a 28.13 % decrease over the 52 week high of $ 161.79.
The company has a market capital of $ 47.76 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
The PNC Financial Services Group, Inc. will be hosting a conference call at 9:30 AM eastern time on 14th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pnc.com
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
