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Sep 30, 2020
PNC Q3 2020 Earnings Report
PNC's earnings decreased due to higher provision for credit losses, but were positively impacted by gains from discontinued operations.
Key Takeaways
PNC Financial Services Group reported net income of $1.53 billion for the third quarter of 2020, which includes $4.39 billion from discontinued operations. The provision for credit losses was $52 million. Total revenue was $4.28 billion.
Net income attributable to common shareholders was $1.45 billion, or $3.40 per diluted common share.
Total revenue was $4.28 billion.
Provision for credit losses was $52 million.
The company completed the sale of its BlackRock shares, resulting in a gain of $4.3 billion.
PNC
PNC
PNC Revenue by Segment
Revenue by Segment
Retail Banking Revenue
CapyFin.comAsset Management Revenue
CapyFin.com Forward Guidance
No explicit forward guidance is provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income