The PNC Financial Services Group (PNC) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to the immediately preceding quarter and the same quarter one year earlier. The sequential gain reverses the decline seen in the prior quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to the immediately preceding quarter and the same quarter one year earlier. The sequential gain reverses the decline seen in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.4B
Revenue reported for this quarter.
Quarter-over-quarter
+5.2%
Change from the immediately preceding quarter.
Year-over-year
+2.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $5.2B | -5.7% |
| Dec 31, 2023 | $5.4B | -7.0% |
| Mar 31, 2024 | $5.1B | -8.2% |
| Jun 30, 2024 | $5.4B | +2.2% |
Revenue performance
The reported revenue reflects positive growth on both a sequential and annual basis, indicating a recovery in performance.
Quarterly comparison
Compared to the prior quarter, revenue improved, and compared to the same quarter last year, revenue also increased.
What to watch
Watch whether this revenue momentum can be maintained in upcoming quarters given the volatility in prior periods.