Stock Track | PNC Financial Plunges 7.5% Premarket on Disappointing Q1 Guidance

Stock Track

Jan 16, 2025

PNC Financial Services Group Inc's stock plummeted over 7% in premarket trading on Thursday, underperforming the broader market. The sell-off appears to be driven by the company's disappointing first-quarter guidance provided along with its Q4 2024 earnings results.

While PNC reported a 4% year-over-year increase in Q4 revenue and higher earnings per share, outperforming estimates, its guidance for the current quarter fell short of expectations. For the first quarter of 2025, PNC expects:

Average loans to be down around 1%

Total revenue to decline 1-2%

Net interest income to drop 2-3% sequentially

The bank also forecasts relatively flat fee income and a 2-3% decrease in core non-interest expenses compared to the prior quarter. These muted predictions, particularly for net interest income, reflect PNC's concerns over sluggish loan growth and heightened competition for deposits as interest rates decline.

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The sell-off appears to be driven by the company's disappointing first-quarter guidance provided along with its Q4 2024 earnings results.</p>\n\n<p>While PNC reported a 4% year-over-year increase in Q4 revenue and higher earnings per share, outperforming estimates, its guidance for the current quarter fell short of expectations. For the first quarter of 2025, PNC expects:</p>\n\n- <p>Average loans to be down around 1%</p>\n- <p>Total revenue to decline 1-2%</p>  \n- <p>Net interest income to drop 2-3% sequentially</p>\n\n<p>The bank also forecasts relatively flat fee income and a 2-3% decrease in core non-interest expenses compared to the prior quarter. These muted predictions, particularly for net interest income, reflect PNC's concerns over sluggish loan growth and heightened competition for deposits as interest rates decline.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | PNC Financial Plunges 7.5% Premarket on Disappointing Q1 Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | PNC Financial Plunges 7.5% Premarket on Disappointing Q1 Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-16 22:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PNC Financial Services Group Inc's stock plummeted over 7% in premarket trading on Thursday, underperforming the broader market. The sell-off appears to be driven by the company's disappointing first-quarter guidance provided along with its Q4 2024 earnings results.</p>\n\n<p>While PNC reported a 4% year-over-year increase in Q4 revenue and higher earnings per share, outperforming estimates, its guidance for the current quarter fell short of expectations. For the first quarter of 2025, PNC expects:</p>\n\n- <p>Average loans to be down around 1%</p>\n- <p>Total revenue to decline 1-2%</p>  \n- <p>Net interest income to drop 2-3% sequentially</p>\n\n<p>The bank also forecasts relatively flat fee income and a 2-3% decrease in core non-interest expenses compared to the prior quarter. These muted predictions, particularly for net interest income, reflect PNC's concerns over sluggish loan growth and heightened competition for deposits as interest rates decline.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PNC","symbol_name":"PNC金融","start_time":0,"source_url":"","article_id":"1140959365","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140959365","pubTimestamp":1737037949,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"PNC Financial Services Group Inc's stock plummeted over 7% in premarket trading on Thursday, underperforming the broader market. The sell-off appears to be driven by the company's disappointing first-quarter guidance provided along with its Q4 2024 earnings results.While PNC reported a 4% year-over-year increase in Q4 revenue and higher earnings per share, outperforming estimates, its guidance for the current quarter fell short of expectations. For the first quarter of 2025, PNC expects:. The ba","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PNC":"PNC金融"},"translate_title":"股票追踪PNC Financial因第一季度指引令人失望而盘前暴跌7.5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PNC":1},"content_text":"PNC Financial Services Group Inc's stock plummeted over 7% in premarket trading on Thursday, underperforming the broader market. The sell-off appears to be driven by the company's disappointing first-quarter guidance provided along with its Q4 2024 earnings results.\nWhile PNC reported a 4% year-over-year increase in Q4 revenue and higher earnings per share, outperforming estimates, its guidance for the current quarter fell short of expectations. For the first quarter of 2025, PNC expects:\n\n- Average loans to be down around 1%\n- Total revenue to decline 1-2%  \n- Net interest income to drop 2-3% sequentially\nThe bank also forecasts relatively flat fee income and a 2-3% decrease in core non-interest expenses compared to the prior quarter. These muted predictions, particularly for net interest income, reflect PNC's concerns over sluggish loan growth and heightened competition for deposits as interest rates decline.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}