PNC Financial Services Group (NYSE:PNC) Posts Quarterly Earnings Results

PNC Financial Services Group (NYSE:PNC) announced its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.01, Bloomberg Earnings reports. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.14 billion. PNC Financial Services Group had a return on equity of 9.83% and a net margin of 29.85%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS.

NYSE PNC opened at $144.26 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $66,805.50, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.34 and a beta of 0.91. PNC Financial Services Group has a fifty-two week low of $115.66 and a fifty-two week high of $163.59.

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The business also recently announced a quarterly dividend, which will be paid on Saturday, May 5th. Shareholders of record on Monday, April 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $3.00 annualized dividend and a yield of 2.08%. PNC Financial Services Group’s dividend payout ratio (DPR) is currently 35.29%.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Bank of America upped their price target on PNC Financial Services Group from $160.00 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday, March 13th. Morgan Stanley upped their price target on PNC Financial Services Group from $165.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. BMO Capital Markets reiterated a “buy” rating on shares of PNC Financial Services Group in a research note on Thursday, January 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of PNC Financial Services Group in a research note on Tuesday, January 16th. Nineteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $149.26.

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PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Earnings History for PNC Financial Services Group (NYSE:PNC)

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