PNC reported Q3 net income of $2.1 billion, adjusted EPS $5.09. NII up 2%, expenses down 8%, efficiency ratio improved to 57%. Loans grew $9 billion. CET1 9.8%.
Average deposits $461.2 billion, up 1% (spot up 4%)
PNC Q3 2026 net income $2.1B, adjusted EPS $5.09.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch