Discontinued — last reported Q3 '24
Asset Management Group — Net income from continuing operations
PNC Financial Services Asset Management Group — Net income from continuing operations increased by 1.0% to $104.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 42.5%, from $73.00M to $104.00M. Over 2 years (FY 2021 to FY 2023), Asset Management Group — Net income from continuing operations shows a downward trend with a -20.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher net income indicates improved operational efficiency, higher assets under management, or better margins within the segment.
Detailed definition
This metric measures the bottom-line profitability of the Asset Management segment after accounting for all operating ex...
Peer comparison
Standard across the banking industry as 'Segment Net Income' or 'Segment Profit' for wealth and asset management divisions.
pnc_segment_asset_management_group_net_income_from_continuing_operationsHistorical 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 | $87.00M | $114.00M | $106.00M | $102.00M | $86.00M | $90.00M | $52.00M | $52.00M | $63.00M | $73.00M | $72.00M | $97.00M | $103.00M | $104.00M |
| QoQ Change | — | +31.0% | -7.0% | -3.8% | -15.7% | +4.7% | -42.2% | +0.0% | +21.2% | +15.9% | -1.4% | +34.7% | +6.2% | +1.0% |
| YoY Change | — | — | — | — | -1.1% | -21.1% | -50.9% | -49.0% | -26.7% | -18.9% | +38.5% | +86.5% | +63.5% | +42.5% |
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Frequently Asked Questions
- What is PNC Financial Services's asset management group — net income from continuing operations?
- PNC Financial Services (PNC) reported asset management group — net income from continuing operations of $104.00M in Q3 2024.
- How has PNC Financial Services's asset management group — net income from continuing operations changed year-over-year?
- PNC Financial Services's asset management group — net income from continuing operations increased by 42.5% year-over-year, from $73.00M to $104.00M.
- What is the long-term trend for PNC Financial Services's asset management group — net income from continuing operations?
- Over 2 years (2021 to 2023), PNC Financial Services's asset management group — net income from continuing operations has grown at a -20.0% compound annual growth rate (CAGR), from $406.00M to $260.00M.
- What does asset management group — net income from continuing operations mean?
- The total profit generated by the asset management business segment after all expenses and taxes.