Discontinued — last reported Q3 '24
Income from Continuing Ops
PNC Financial Services Income from Continuing Ops increased by 1.9% to $1.51B in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 4.1%, from $1.57B to $1.51B. Over 2 years (FY 2021 to FY 2023), Income from Continuing Ops shows relatively stable performance with a -0.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates improved operational efficiency or higher sales volume, while a decrease suggests rising costs or weakening demand for core products.
Detailed definition
This metric represents the net profit generated by a company's core business activities after accounting for all operati...
Peer comparison
Standardized across all public companies, this is the primary benchmark for comparing bottom-line performance against industry peers.
net_income_from_continuingHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.10B | $1.49B | $1.31B | $1.43B | $1.50B | $1.64B | $1.55B | $1.69B | $1.50B | $1.57B | $883.00M | $1.34B | $1.48B | $1.51B |
| QoQ Change | — | +35.1% | -12.3% | +9.4% | +4.7% | +9.6% | -5.6% | +9.4% | -11.5% | +4.7% | -43.8% | +52.2% | +9.9% | +1.9% |
| YoY Change | — | — | — | — | +35.6% | +10.1% | +18.5% | +18.5% | +0.3% | -4.3% | -43.0% | -20.7% | -1.5% | -4.1% |
Business Segments
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Corporate Institutional Banking | $987.00M | $1.06B | $822.00M | $965.00M | $1.22B | $1.13B | $1.05B | $1.20B |
| Corporate & Institutional Banking | $982.00M | $1.06B | $817.00M | $960.00M | $1.21B | $1.12B | $1.05B | $1.20B |
| Retail Banking1 | $762.00M | $657.00M | $965.00M | $1.11B | $1.08B | $1.09B | $1.73B | $1.17B |
| Retail Banking | $752.00M | $647.00M | $954.00M | $1.09B | $1.07B | $1.09B | $1.72B | $1.16B |
| Asset Management Group | $52.00M | $52.00M | $63.00M | $73.00M | $72.00M | $97.00M | $103.00M | $104.00M |
| All Other Segments | -$253.00M | -$79.00M | -$350.00M | -$573.00M | -$1.49B | -$972.00M | — | — |
| Other | -$258.00M | -$81.00M | -$351.00M | -$573.00M | -$1.49B | -$973.00M | — | — |
| Total | $1.55B | $1.69B | $1.50B | $1.57B | $883.00M | $1.34B | $1.48B | $1.51B |
All Other Segments, Asset Management Group, Corporate & Institutional Banking, Corporate Institutional Banking, Other, Retail Banking, Retail Banking1 were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Income from Continuing Ops at Other Companies
Frequently Asked Questions
- What is PNC Financial Services's income from continuing ops?
- PNC Financial Services (PNC) reported income from continuing ops of $1.51B in Q3 2024.
- How has PNC Financial Services's income from continuing ops changed year-over-year?
- PNC Financial Services's income from continuing ops decreased by 4.1% year-over-year, from $1.57B to $1.51B.
- What is the long-term trend for PNC Financial Services's income from continuing ops?
- Over 2 years (2021 to 2023), PNC Financial Services's income from continuing ops has grown at a -0.7% compound annual growth rate (CAGR), from $5.73B to $5.65B.
- What does income from continuing ops mean?
- The profit a company makes from its ongoing, core business operations after all expenses and taxes.