The PNC Financial Services Group, Inc. (NYSE:PNC) is reporting second quarter financial results on Wednesday 15th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, PNC is expected to report 2Q20 income of $ 0.51 per share from revenue of $ 4106.27 million.
For the full year, analysts anticipate top line of $ 16650.10 million, while looking forward to income of $ 5.26 per share bottom line.
Previous Quarter Performance
The PNC Financial Services Group, Inc. unfold income for the first quarter of $ 1.95 per share, from the revenue of $ 4,517.00 million. The quarterly earnings shrunk 25.29 percent while revenues raised 5.39 percent compared with the same quarter last year.
Wall street analysts are predicting, PNC to report 1Q20 income of $ 1.71 per share from revenue of $ 4375.01 million. The bottom line results beat street analysts by $ 0.24 or 14.04 percent, at the same time, top line results outshined analysts by $ 141.99 million or 3.25 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PNC was $ 101.26, representing a 27.52 % increase from the 52 week low of $ 79.41 and a 37.41 % decrease over the 52 week high of $ 161.79.
The company has a market capital of $ 42.96 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Conference Call
The PNC Financial Services Group, Inc. will be hosting a conference call at 9:30 AM eastern time on 15th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, (877) 402-9133 Toll Free, (United States) or (303) 223-2694 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/aaddae6p
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.
