PNC Sees Q4 Adj. Fee Income Down 5%-7% Vs Q3
Portfolio Pulse from Benzinga Newsdesk
PNC Financial Services Group anticipates a 5%-7% decrease in adjusted fee income for the fourth quarter compared to the third quarter.
October 15, 2024 | 3:54 pm
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PNC Financial Services Group forecasts a 5%-7% decline in adjusted fee income for Q4 compared to Q3, indicating potential revenue challenges.
The anticipated decline in adjusted fee income suggests potential revenue challenges for PNC, which could negatively impact its stock price in the short term as investors react to the expected decrease in earnings.
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