The PNC Financial Services Group, Inc. (NYSE: PNC) Tuesday reported a modest increase in revenues and net income for the second quarter of 2024.
Net income attributable to common shareholders was $1.36 billion or $3.39 per share in the June quarter, compared to $1.35 billion or $3.36 per share in the comparable period of 2023. The company raised its quarterly cash dividend on common stock to $1.60 per share, an increase of 5 cents per share, payable on August 5, 2024, to shareholders of record on July 15, 2024.
Revenues moved up 2% annually to $5.41 billion during the three months. Net interest income and net interest margin increased, marking the beginning of the management’s growth trajectory towards the expected record NII in 2025.
The post PNC Earnings: Highlights of PNC Financial Services Group’s Q2 2024 report first appeared on AlphaStreet.
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