Discontinued — last reported Q4 '15

Net Income

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

StatementIncome Statement
SectionNet Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2015

How to read this metric

Higher values indicate a more profitable and sustainable core business.

Detailed definition

This metric measures the profitability of the company's ongoing business activities, excluding the impact of discontinue...

Peer comparison

Widely used by analysts to compare core performance across peers.

Metric ID: is_net_income_from_continuing

Historical Data

14 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '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%
Range$883.00M$1.69B
CAGR+10.0%
Avg YoY Growth+0.9%
Median YoY Growth-0.6%
Current Streak3 quarters growth

Business Segments

View all
SegmentQ4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24
Corporate Institutional Banking$987.00M$1.06B$822.00M$965.00M$1.22B$1.13B$1.05B$1.20B
Retail Banking1$762.00M$657.00M$965.00M$1.11B$1.08B$1.09B$1.73B$1.17B
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
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, Retail Banking1 were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.

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?
Profit generated from the company's core, ongoing business operations.