- PNC Financial’s second-quarter revenue: $5.41 billion (beat estimates of $5.23 billion)
- Total loans: $321.43 billion (slightly above estimates of $320.96 billion)
- End-period deposits: $416.39 billion (lower than estimates of $423.12 billion)
- Provision for credit losses: $235 million (better than estimates of $250.8 million)
- Efficiency ratio: 62% (higher than estimates of 59.7%)
- Net interest income: $3.30 billion (beat estimates of $3.24 billion)
- Net interest margin: 2.6% (exceeded estimates of 2.56%)
- Net charge-offs: $262 million (higher than estimates of $254.3 million)
- Non-interest income: $2.11 billion (fell short of estimates of $2.57 billion)
- Non-interest expenses: $3.36 billion (higher than estimates of $3.32 billion)
- Return on average assets: 1.05% (outperformed estimates of 0.89%)
- Return on average equity: 12.2% (higher than estimates of 11.5%)
- Tier 1 Basel III ratio: 10.2% (met estimates)
- Effective tax rate: 18.8% (met estimates)
- Diluted EPS: $3.39
- Analyst ratings: 12 buys, 10 holds, 2 sells
A look at PNC Financial Services Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores, PNC Financial Services Group shows a promising long-term outlook. With strong scores in value and dividend factors, the company appears to be well-positioned for steady growth and income generation. Additionally, its momentum score indicates positive market sentiment towards the company’s future prospects.
PNC Financial Services Group, Inc., a diversified financial services organization, offers regional banking, wholesale banking, and asset management services in both national and primary regional markets. Despite a slightly lower score in resilience, the overall positive Smart Scores suggest a favorable outlook for PNC Financial Services Group in the long run.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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