Post-Earnings Report - PNC Financial

LONDON, May 1, 2015 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on The PNC Financial Services Group Inc. (NYSE: PNC). Click on http://get.Investor-Edge.com/pdf/?c=PNC%20Financial%20Services&d=01-May-2015&s=PNC to read our free earnings review on The PNC Financial Services Group Inc. (PNC). On April 15, 2015, the company reported its financial results for Q1 FY15 (period ended March 31, 2015). During Q1 FY15, the company's total revenue was $3.73 billion. Further, PNC's net income attributable to diluted common shares came in at $926 million, or $1.75 per common share. Chairman, President and CEO, William S. Demchak, said that PNC delivered solid results in Q1 FY15, continuing the consistent performance that has been characteristic of our strategic execution. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=PNC%20Financial%20Services&d=01-May-2015&s=PNC

Earnings Overview 

During Q1 FY15, PNC's total revenue fell 1%, or $46 million, from $3.78 billion in Q1 FY14. The company's total revenue for the reported quarter slightly missed Bloomberg analysts' total revenue forecast of $3.75 billion. PNC's net interest income declined 6% to $2.07 billion in Q1 FY15 from $2.20 billion in Q1 FY14. However, in Q1 FY15, the company's noninterest income grew 5% to $1.66 billion from $1.58 billion in Q1 FY14, driven by strong fee income growth from success in deepening client relationships and product penetration.

For Q1 FY15, PNC's average loans increased 4% to $205.2 billion from $196.6 billion in Q1 FY14. Commercial lending for Q1 FY15 grew 7% to $129.7 billion from $120.8 billion in Q1 FY14. However, Consumer lending fell 3% to $75.0 billion in Q1 FY15 from $77.4 billion in Q1 FY14. Free research on PNC can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=PNC%20Financial%20Services&d=01-May-2015&s=PNC

For Q1 FY15, PNC's net interest margin was 2.82% compared to 3.26% in Q1 FY14. In the reported quarter, PNC's net income attributable to diluted common shares fell $57 million, or $0.07 per diluted common share, from $983 million, or $1.82 per diluted common share, in Q1 FY14. Analysts from Bloomberg had expected the company to report net income attributable to diluted common shares of $908 million, or $1.75 per diluted common share, in Q1 FY15.

During Q1 FY15, PNC repurchased 4.4 million common shares for $0.4 billion and completed its common stock repurchase program for the four-quarter period that began in Q2 FY14 with total repurchases of 17.3 million common shares for $1.5 billion. In March 2015, the company announced new share repurchase programs of up to $2.88 billion for the five-quarter period beginning in Q2 FY15.

As of December 31, 2014, PNC's transitional Basel III common equity Tier 1 capital ratio was an estimated 10.4 %, while pro forma fully phased-in Basel III common equity Tier 1 capital ratio was an estimated 9.9 %. Sign up and read the free analyst's notes on PNC at:

http://get.Investor-Edge.com/pdf/?c=PNC%20Financial%20Services&d=01-May-2015&s=PNC

On April 02, 2015, PNC's board of directors raised the quarterly dividend on common stock to $0.51 per share, an increase of $0.03 per share, or 6%, effective with the May 05, 2015 dividend payment.

Stock Performance 

On the day of the earnings release, April 15, 2015, PNC's stock fell 1.52% to end the session at $92.20. Since then, the stock has moved both ways. On the last close, Thursday, April 30, 2015, the company's shares finished at $91.73, which was 0.14% below the previous day's closing price of $91.86. The stock vacillated between $91.39 and $92.44 during the trading session. A total of 2.05 million shares were traded which was below their three months average volume of 2.64 million shares. Over the previous three sessions and over the last three months, the company's shares have gained 1.00% and 8.50%, respectively. Further, the stock has advanced 0.55% since the beginning of 2015. Shares in PNC closed above their 200-day moving average of $87.72. Furthermore, the stock has a Relative Strength Index (RSI) of 47.62.  Visit Investor-Edge and access the latest research on PNC at:

http://get.Investor-Edge.com/pdf/?c=PNC%20Financial%20Services&d=01-May-2015&s=PNC

Sneak Peek to Corporate Insider Trading  

In the last one month, there were 14 insider transactions made by 8 individuals. Between March 31, 2015 and April 20, 2015, a total of 105,303 shares were bought at an average price of $32.21 per share and for a total value of $3.39 million. During the same period, a total of 73,802 shares, worth $6.76 million, were also disposed at an average price of $91.62 per share. The following are some of the abovementioned transactions: William S. Demchak purchased 102,057 shares at an average price of $31.07 per share and disposed 68,000 shares at an average price $91.52 per share; Director at PNC, Jane G. Pepper, bought 2,067 shares at an average price of $53.93 per share and sold 2,000 shares at an average price of $91.65 per share; Director at PNC, Paul W. Chellgren, sold 3,539 shares at an average price of $93.24 per share. Complimentary in-depth research on PNC is available at:

http://get.Investor-Edge.com/pdf/?c=PNC%20Financial%20Services&d=01-May-2015&s=PNC

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