PNC Financial 4Q Profit Falls - News Summed Up

PNC Financial 4Q Profit Falls


By Ben GlickmanPNC Financial Services Group's profit fell in the fourth quarter on lower revenue. The Pittsburgh-based bank posted a profit of $883 million, or $1.85 a share, in the fourth quarter, compared with $1.55 billion, or $3.47 a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $2.12. Revenue fell nearly 7% from a year earlier to $5.36 billion, topping the $5.3 billion expected by analysts polled by FactSet. Write to Ben Glickman at ben.glickman@wsj.com(END) Dow Jones NewswiresJanuary 16, 2024 07:14 ET (12:14 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.


Source: Wall Street Journal January 16, 2024 12:25 UTC



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