The PNC Financial Services Group, Inc. (PNC) is all set to unveil its fiscal 2024 first-quarter earnings on April 16, 2024. Analysts predict a 6.5% year-over-year drop in its first quarter topline figure, reaching $5.24 billion, while its earnings per share of $3.08 reflects a 22.5% year-over-year decline.
Despite exceeding analyst estimates for the fourth quarter, the company’s fourth-quarter performance was less-than-stellar. The bank’s bottom-line figures suffered a major blow primarily because of charges from regulators and layoff expenses.
