Expects "mild recession" in 2023. Sees Fed raising rates early in year, pausing until December, then cutting thereafter. Sees FY23 NII up 11%-13%. Expects "solid operating leverage" in 2023.
Published first on TheFly
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- PNC Financial sees FY23 revenue up 6%-8% y/y, consensus $23.28B
- PNC Financial sees Q1 revenue down about 3% vs. 4Q22, consensus $5.69B
- PNC REPORTS FULL YEAR 2022 NET INCOME OF $6.1 BILLION, $13.85 DILUTED EPS OR $13.96 AS ADJUSTED
- PNC Financial reports Q4 adjusted EPS $3.49, consensus $3.95
- Notable companies reporting before tomorrow’s open
