PNC Financial CEO says expects environment will continue to be difficult in 2013 CEO James Rohr says he believes that "somehow the fiscal cliff will be managed" and believes "Europe will continue to muddle along". Comments made at the Goldman Sachs Financial Services Conference.
PNC Financial: Revenue growth will remain a challenge until interest rates rise Says revenue growth will remain a challenge until interest rates rise. Says 2015 looks "a lot" like 2015 at the moment. Comments made on the Q4 earnings conference call.
PNC Financial sees 'stable' net interest income in Q1 Sees "modest" loan growth in 1Q15 vs. 4Q14. Sees fee income down mid-single digits in Q1 from Q4 due to seasonality and client activity. Sees Q1 noninterest income down high single digits. Sees Q1 loan loss provision $50M-$100M. Comments from slides that will be presented on the Q4 earnings conference call.
PNC Financial reports Q4 EPS $1.84, consensus $1.74 Reports Q4 revenue $3.95B, consensus $3.8B. Reports Q4 net interest income $986M. Reports Q4 book value per share $77.61. Reports Q4 transitional Basel III Tier 1 capital ratio 11%. Reports Q4 net charge-off 0.23%.