PNC Financial Q3 Earnings Beat on Higher Fee Income, Costs Rise

The PNC Financial Services Group, Inc.'s (PNC) third-quarter 2024 adjusted earnings per share of $3.49 surpassed the Zacks Consensus Estimate of$3.29. In the prior-year quarter, the company reported earnings per share of $3.60. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. Results were aided by a rise in fee income and higher loan balance. However, a decline in net interest income (NII) and an increase in provisions for credit losses, along with a rise in expense base, we ...