PNC Financial Services Group Inc

PNC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$311.00	Fvbvx	Qsvlmjwv

Deposit Costs and Expenses Rise for PNC in Fourth Quarter While Net Interest Income Growth Is Ending

Eric Compton

Jan 18, 2023

Narrow-moat-rated PNC Financial Services reported fourth-quarter earnings of $3.47 per share, missing the FactSet consensus of $3.95 and well below our estimate of $4.19. Total revenue came in at $5.76 billion, ahead of our estimate of $5.67 billion, with net interest income, or NII, coming in on the low end of management's guidance while fees outperformed.

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