Investors with an interest in Banks - Major Regional stocks have likely encountered both Truist Financial Corporation (TFC) and The PNC Financial Services Group, Inc (PNC). But which of these two stocks is more attractive to value investors?

Does The PNC Financial Services Group, Inc (PNC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Shares of PNC Financial Services Group Inc PNC were climbing in early trading on Wednesday, after the company reported strong second-quarter results.

PNC Financial Services Group saw expected increases in total nonperforming loans and net loan charge-offs in the second quarter. The increases were primarily due to high commercial nonperforming loans and higher commercial real estate (CRE) net loan charge-offs, the bank said in a Tuesday (July 16) earnings release.

While the top- and bottom-line numbers for The PNC Financial Services Group (PNC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Goldman Sachs analyst Richard Ramsden anticipates a neutral investor response to PNC Financial Services Group, Inc.‘s  PNC stronger results and updated FY24 guidance.

The PNC Financial Services Group, Inc. (NYSE:PNC ) Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Bryan Gill - Director of IR William Demchak - Chairman, President & CEO Robert Reilly - EVP & CFO Conference Call Participants Betsy Graseck - Morgan Stanley John Pancari - Evercore Erika Najarian - UBS Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Bill Carcache - Wolfe Research Ken Usdin - Jefferies Mike Mayo - Wells Fargo Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Operator Greetings, and welcome to The PNC Financial Services Group Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

PNC Financial (PNC) shares surged over 4% Tuesday after the bank reported second-quarter profit and revenue that beat analysts' estimates. The bank also gave a stronger outlook for net interest income (NII).

The rise in non-interest income and higher loan balance support PNC Financial's (PNC) Q2 earnings, while lower net interest income and a rise in provisions act as headwinds.

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.30 per share, beating the Zacks Consensus Estimate of $3 per share. This compares to earnings of $3.36 per share a year ago.

Generated positive operating leverage; grew NII and NIM; maintained 2.5% SCB requirement Increased quarterly common stock dividend 5 cents to $1.60 per share on July 2, 2024 PITTSBURGH , July 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 2Q24 1Q24 2Q23 Second Quarter Highlights Financial Results Comparisons reflect 2Q24 vs. 1Q24 Net interest income (NII) $    3,302 $    3,264 $    3,510 Income Statement Noninterest income 2,109 1,881 1,783 ▪   Generated positive operating leverage; PPNR increased 13% Revenue 5,411 5,145 5,293 Noninterest expense 3,357 3,334 3,372 ▪   Revenue increased 5% Pretax, pre-provision earnings (PPNR) (non-GAAP) 2,054 1,811 1,921 –  NII and NIM increased Provision for credit losses 235 155 146 ▪   Noninterest expense increased 1% Net income 1,477 1,344 1,500 ▪   Gain on Visa share exchange of$754 million substantially offset by other significant items, resulting in a 9 cent benefit to EPS Per Common Share Diluted earnings per share (EPS) $      3.39 $      3.10 $      3.36 Balance Sheet Average diluted common shares outstanding 400 400 401 ▪   Average loans and deposits were relatively stable Book value 116.70 113.30 105.67 Tangible book value (TBV) (non-GAAP) 89.12 85.70 77.80 ▪   Average securities increased 4% ▪   Net loan charge-offs were $262 million, or 0.33% annualized to average loans Balance Sheet & Credit Quality Average loans    In billions $    319.9 $    320.6 $    324.5 ▪   ACL to total loans stable at 1.7% Average securities    In billions 141.3 135.4 141.0 ▪   AOCI improved $0.6 billion, including securities repositioning impact Average deposits    In billions 417.2 420.2 425.7 Accumulated other comprehensive income (loss) (AOCI) In billions (7.4) (8.0) (9.5) ▪   TBV per share increased 4% Net loan charge-offs 262 243 194 ▪   Maintained strong capital position Allowance for credit losses (ACL) to total loans 1.67 % 1.68 % 1.68 % –  CET1 capital ratio of 10.2% –  Maintained regulatory minimum Stress Capital Buffer (SCB) of2.5% Selected Ratios Return on average common shareholders' equity 12.16 % 11.39 % 13.01 % –  Increased quarterly common stockdividend 5 cents to $1.60 per share on July 2, 2024 Return on average assets 1.05 0.97 1.08 Net interest margin (NIM) (non-GAAP) 2.60 2.57 2.79 Noninterest income to total revenue 39 37 34 Efficiency 62 65 64 Common equity Tier 1 (CET1) capital ratio 10.2 10.1 9.5 See non-GAAP financial measures in the Consolidated Financial Highlights accompanying this release.

With Bank of America (BAC), Morgan Stanley (MS), and PNC Financial (PNC) earnings on deck, Kenneth Leon and Stephen Biggar discuss the overall space & what these reports mean for the financials sector. ======== Schwab Network ======== Empowering every investor and trader, every market day.