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HomeMarketPNC Earnings: PNC Monetary’s Q3 revenue drops regardless of income development |...

PNC Earnings: PNC Monetary’s Q3 revenue drops regardless of income development | AlphaStreet

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The PNC Monetary Companies Group, Inc. (NYSE: PNC) Tuesday reported blended outcomes for the third quarter of 2024, with earnings declining and income growing year-over-year.

Internet revenue attributable to widespread shareholders was $1.40 billion or $3.49 per share within the September quarter, in comparison with $1.44 billion or $3.60 per share within the comparable interval of 2023. The corporate declared a quarterly money dividend of $1.60 per share, to be paid on November 5, 2024, to shareholders of document as of October 16, 2024.

Revenues moved up 4% yearly to $5.44 billion in Q3. Throughout the quarter, the corporate returned $0.8 billion of capital to shareholders, reflecting about $0.6 billion of dividends and greater than $0.1 billion of widespread share repurchases.

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