Sees Q1: Period end loans stable; Average loans up 1%-2%; NII down 1%-2%; Fee income down 3%-5%; Other non-interest income $200M-$250M; Non-interest expense down 2%-4%; Net charge offs approximately $200M. All Q1 guidance vs. 4Q22. Comments taken from investor presentation slides for Q4 earnings conference call.
Published first on TheFly
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- 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
- PNC Financial downgraded to Neutral from Buy at UBS
- PNC Financial upgraded to Buy from Hold at Odeon Capital
