Latest news with #PNCFinancialServicesGroup
Yahoo
03-06-2025
- Business
- Yahoo
The PNC Financial Services Group Announces Second Quarter Conference Call Details
PITTSBURGH, June 3, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the second quarter 2025 at approximately 6:30 a.m. (ET), Wednesday, July 16, 2025, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementary financial information; and a webcast replay available for 30 days. A telephone replay of the call will be available for 30 days at (877) 660-6853 and (201) 612-7415 (international), Access ID 13753957. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit CONTACTS MEDIA: Kristen Pillitteri(412) INVESTORS: Bryan Gill(412) View original content to download multimedia: SOURCE The PNC Financial Services Group, Inc. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
PNC Executives to Speak at Morgan Stanley US Financials Investor Conference
PITTSBURGH, May 28, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 1:45 p.m. (ET) Wednesday, June 11, at the Morgan Stanley U.S. Financials Conference in New York City. The following will be accessible at a link to the live webcast; related materials, including cautionary statements regarding forward-looking information, available prior to the start of the webcast; and a webcast replay available for 30 days. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit CONTACTS MEDIA: Kristen Pillitteri(412) 762-4550 INVESTORS: Bryan Gill (412) 768-4143 View original content to download multimedia: SOURCE The PNC Financial Services Group, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
The US Economy Just Shrank for the First Time in 3 Years: What That Means for Your Wallet
The Q1 2025 GDP results are in, and the results were not exactly encouraging. While in a typical quarter the U.S. GDP grows by 2% to 4%, in Q1 2025, the economy actually shrank. Considering that two consecutive quarters of negative GDP growth typically constitute a recession — and the fact that many economists have been predicting a recession in 2025 — investors are unsurprisingly on edge. Consider This: Find Out: But what exactly does a shrinking GDP mean for the economy and your wallet? And was this reading the start of a trend or simply a one-off reading? Read on to learn all the details. The economy shrank by 0.3% in the first quarter of 2025, marking the first contraction since Q1 2022. This was a stark contrast to the 2.4% rate of growth in Q4 2024. Although economists were expecting a negative reading, estimates were for a drop of 0.2%, slightly better than the negative 0.3% that was reported. Be Aware: It's often said that economists can't identify a recession until it has already passed. If the Q1 2025 GDP reading is the first of two in a row, which would meet the traditional definition of a recession, it would mean that the country is likely already in a recession. The economic slowdown that defines a recession can hit your wallet in various ways. Recessions usually result in layoffs and job losses, so your income may be at risk. Debt levels tend to rise during a recession, and this would be a likely consequence if you lose your job and don't have an adequate emergency fund. Investment values also tend to fall during a recession, meaning your retirement account or other investments may take a hit. The drop in first-quarter GDP and the potential for the economy to fall into a recession fit neatly into the narrative that the Trump administration's tariffs were destined to drag down the economy. But that may not necessarily be the case. According to Gus Faucher, chief economist at PNC Financial Services Group, trade did play a role in the first-quarter GDP drop, but perhaps not in the way that you might imagine. As Faucher sees it, 'We saw companies bringing in a lot of imports to try to get ahead of tariffs. We saw a huge build in inventories.' This imbalance in imports — which were essentially 'pulled ahead' into Q1 to avoid getting hit with tariffs — was the primary driver behind the drop in GDP. Highly-regarded financial publication Barron's notes that the 41% surge in Q1 imports 'is likely to be a one-time event.' Meanwhile, the primary drivers of the economy, inflation-adjusted final sales to domestic purchasers and consumer spending, actually rose in the quarter, by 3% and 1.8%, respectively. While the Q1 decline in GDP may prove to be an anomaly, this doesn't mean that there is no risk of the economy continuing its decline and falling into a full-blown recession. Barron's notes that Trump's tariffs are a moving target, making it hard for companies to conduct business as usual amidst all the uncertainty. Additionally, Chinese imports have already plummeted, something that could cause severe economic ripples in the coming months. There is certainly a very possible scenario in which the economy continues to contract as the trade war continues. While a recession is not guaranteed, and certain data points suggest the economy remains strong, it's never a bad idea to review your financial position and see if you are prepared to weather an economic contraction. An emergency fund that can cover three to six months of your living expenses is a good start. Paying down debt, living within your means and doing your best to prove your value at work are all additional ways to help defend against the effects of a recession. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on The US Economy Just Shrank for the First Time in 3 Years: What That Means for Your Wallet Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
The PNC Financial Services Group Provides Quarterly 2026 Earnings Release Dates
PITTSBURGH, May 22, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today it expects to issue 2026 quarterly earnings releases pre-market open and hold conference calls at 10 a.m. (ET) on the following dates: First Quarter – Wednesday, April 15, 2026 Second Quarter – Wednesday, July 15, 2026 Third Quarter –Thursday, October 15, 2026 Fourth Quarter – Friday, January 15, 2027 A link to the live audio webcast, presentation slides, earnings release and supplementary financial information will be made available at and dial-in information will be provided at a later date. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit CONTACTS MEDIA:Kristen Pillitteri(412) INVESTORS: Bryan Gill(412) View original content to download multimedia: SOURCE The PNC Financial Services Group, Inc. Sign in to access your portfolio
Yahoo
04-05-2025
- Business
- Yahoo
PNC Financial Services Group First Quarter 2025 Earnings: EPS Beats Expectations
Revenue: US$5.23b (up 4.9% from 1Q 2024). Net income: US$1.41b (up 14% from 1Q 2024). Profit margin: 27% (up from 25% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: US$3.52 (up from US$3.10 in 1Q 2024). We check all companies for important risks. See what we found for PNC Financial Services Group in our free report. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 4.5% from a week ago. While earnings are important, another area to consider is the balance sheet. See our latest analysis on PNC Financial Services Group's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
