Subtext

The PNC Financial Services Group, Inc. PNC

SectorFinancials
Transcripts71
Date range2007-07-19 – 2025-04-15
Calls charted71

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-16-8+0+8+162007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · Overall: +11.62007 Q3 · Overall: +10.32007 Q4 · Overall: +3.42008 Q1 · Overall: -0.22008 Q2 · Overall: +7.62008 Q3 · Overall: -2.32008 Q4 · Overall: -0.92009 Q1 · Overall: -5.62009 Q2 · Overall: -2.82009 Q3 · Overall: +5.02009 Q4 · Overall: +3.22010 Q1 · Overall: +9.02010 Q2 · Overall: -1.72010 Q4 · Overall: +7.72011 Q1 · Overall: +5.02011 Q2 · Overall: +12.02011 Q3 · Overall: +6.22011 Q4 · Overall: +4.42012 Q1 · Overall: +7.42012 Q2 · Overall: +1.22012 Q3 · Overall: +5.62012 Q4 · Overall: +3.82013 Q1 · Overall: +1.62013 Q2 · Overall: +2.82013 Q3 · Overall: +1.62013 Q4 · Overall: +2.62014 Q1 · Overall: +4.22014 Q2 · Overall: -0.12014 Q3 · Overall: +1.42014 Q4 · Overall: +2.92015 Q1 · Overall: +2.42015 Q2 · Overall: +3.42015 Q3 · Overall: -2.72015 Q4 · Overall: -1.62016 Q1 · Overall: -1.52016 Q2 · Overall: +5.32016 Q3 · Overall: +2.12016 Q4 · Overall: +2.42017 Q1 · Overall: +5.72017 Q2 · Overall: +6.62017 Q3 · Overall: +5.52017 Q4 · Overall: +2.52018 Q1 · Overall: -1.92018 Q2 · Overall: +6.82018 Q3 · Overall: +2.52018 Q4 · Overall: +1.42019 Q1 · Overall: +2.22019 Q2 · Overall: +3.32019 Q3 · Overall: +4.32019 Q4 · Overall: +2.92020 Q1 · Overall: -14.32020 Q2 · Overall: -2.82020 Q3 · Overall: -5.42020 Q4 · Overall: +1.62021 Q1 · Overall: -0.22021 Q2 · Overall: +8.42021 Q3 · Overall: +1.72021 Q4 · Overall: +1.62022 Q1 · Overall: -1.32022 Q2 · Overall: -3.62022 Q3 · Overall: -1.82022 Q4 · Overall: -6.02023 Q1 · Overall: -1.72023 Q2 · Overall: -3.82023 Q3 · Overall: -2.22023 Q4 · Overall: -4.52024 Q1 · Overall: -2.02024 Q2 · Overall: +1.22024 Q3 · Overall: +5.62024 Q4 · Overall: +1.62025 Q1 · Overall: -2.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-30-15+0+15+302007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · CEO: +18.22007 Q3 · CEO: +22.02008 Q1 · CEO: +2.92008 Q2 · CEO: +25.82008 Q3 · CEO: +7.52008 Q4 · CEO: +7.22009 Q1 · CEO: +7.62009 Q3 · CEO: +14.02009 Q4 · CEO: +17.52010 Q1 · CEO: +14.32010 Q2 · CEO: +10.32010 Q4 · CEO: +17.22011 Q1 · CEO: +18.42011 Q2 · CEO: +22.02011 Q3 · CEO: +14.72011 Q4 · CEO: +14.02012 Q1 · CEO: +17.12012 Q2 · CEO: +10.82012 Q3 · CEO: +19.12012 Q4 · CEO: +12.02013 Q2 · CEO: +7.62013 Q3 · CEO: +2.22013 Q4 · CEO: +2.62014 Q1 · CEO: +7.12014 Q2 · CEO: +1.42014 Q3 · CEO: +2.42014 Q4 · CEO: +8.02015 Q1 · CEO: +2.62015 Q2 · CEO: +4.92015 Q4 · CEO: -1.22016 Q1 · CEO: -1.42016 Q2 · CEO: +10.42016 Q4 · CEO: +7.92017 Q2 · CEO: +9.72017 Q3 · CEO: +5.12018 Q1 · CEO: -2.12018 Q2 · CEO: +7.62018 Q3 · CEO: +1.92018 Q4 · CEO: +4.62019 Q1 · CEO: +3.92019 Q2 · CEO: +4.82019 Q3 · CEO: +2.32019 Q4 · CEO: +3.02020 Q1 · CEO: -12.42020 Q2 · CEO: -1.12020 Q3 · CEO: -0.82021 Q1 · CEO: +0.82021 Q2 · CEO: +20.42021 Q4 · CEO: +8.52022 Q1 · CEO: +1.52022 Q2 · CEO: -0.62022 Q3 · CEO: +0.72022 Q4 · CEO: -6.22023 Q1 · CEO: -4.52023 Q2 · CEO: +3.82023 Q4 · CEO: -0.32024 Q1 · CEO: -0.42024 Q2 · CEO: +4.82024 Q4 · CEO: +5.32007 Q2 · CFO: +14.12007 Q3 · CFO: +10.72007 Q4 · CFO: +5.32008 Q1 · CFO: +5.12008 Q2 · CFO: +3.52008 Q3 · CFO: -5.42008 Q4 · CFO: -0.92009 Q1 · CFO: -6.32009 Q2 · CFO: +0.02009 Q3 · CFO: +6.42009 Q4 · CFO: -1.42010 Q1 · CFO: +9.72010 Q2 · CFO: -8.72010 Q4 · CFO: +6.42011 Q1 · CFO: -0.62011 Q2 · CFO: +13.12011 Q3 · CFO: +8.92011 Q4 · CFO: +4.92012 Q1 · CFO: +6.12012 Q2 · CFO: -2.32012 Q3 · CFO: +2.42012 Q4 · CFO: +1.22013 Q1 · CFO: +3.42013 Q2 · CFO: +2.32013 Q3 · CFO: +2.82013 Q4 · CFO: +5.52014 Q1 · CFO: +4.62014 Q2 · CFO: +4.82014 Q3 · CFO: +6.32014 Q4 · CFO: +3.72015 Q1 · CFO: +9.82015 Q2 · CFO: +5.62015 Q3 · CFO: -0.52015 Q4 · CFO: -1.42016 Q1 · CFO: +2.22016 Q2 · CFO: +2.72016 Q3 · CFO: +7.22016 Q4 · CFO: +2.82017 Q1 · CFO: +8.52017 Q2 · CFO: +8.12017 Q3 · CFO: +10.72017 Q4 · CFO: +5.02018 Q1 · CFO: +1.52018 Q2 · CFO: +10.92018 Q3 · CFO: +3.62018 Q4 · CFO: -0.82019 Q1 · CFO: +4.92019 Q2 · CFO: +8.02019 Q3 · CFO: +5.72019 Q4 · CFO: +5.62020 Q1 · CFO: -10.72020 Q2 · CFO: -5.22020 Q3 · CFO: -8.52020 Q4 · CFO: +3.72021 Q1 · CFO: +2.02021 Q2 · CFO: +7.02021 Q3 · CFO: +3.72021 Q4 · CFO: -0.92022 Q1 · CFO: -5.22022 Q3 · CFO: -1.72022 Q4 · CFO: -4.72023 Q1 · CFO: +1.22023 Q2 · CFO: -4.62023 Q3 · CFO: +0.42023 Q4 · CFO: -1.52024 Q1 · CFO: +0.72024 Q2 · CFO: +2.02024 Q3 · CFO: +9.72024 Q4 · CFO: +1.92025 Q1 · CFO: +1.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-36-18+0+18+362007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q2 · Prepared remarks: +22.42007 Q3 · Prepared remarks: +18.32007 Q4 · Prepared remarks: +6.62008 Q1 · Prepared remarks: +7.62008 Q2 · Prepared remarks: +16.12008 Q3 · Prepared remarks: -0.62008 Q4 · Prepared remarks: +8.82009 Q1 · Prepared remarks: +10.52009 Q2 · Prepared remarks: +3.32009 Q3 · Prepared remarks: +13.42009 Q4 · Prepared remarks: +16.62010 Q1 · Prepared remarks: +24.02010 Q2 · Prepared remarks: +2.52010 Q4 · Prepared remarks: +19.52011 Q1 · Prepared remarks: +15.62011 Q2 · Prepared remarks: +21.72011 Q3 · Prepared remarks: +20.82011 Q4 · Prepared remarks: +12.12012 Q1 · Prepared remarks: +21.42012 Q2 · Prepared remarks: +11.92012 Q3 · Prepared remarks: +15.02012 Q4 · Prepared remarks: +9.92013 Q1 · Prepared remarks: +11.22013 Q2 · Prepared remarks: +9.02013 Q3 · Prepared remarks: +4.52013 Q4 · Prepared remarks: +10.92014 Q1 · Prepared remarks: +4.52014 Q2 · Prepared remarks: +5.02014 Q3 · Prepared remarks: +3.82014 Q4 · Prepared remarks: +7.32015 Q1 · Prepared remarks: +7.32015 Q2 · Prepared remarks: +12.12015 Q3 · Prepared remarks: +3.92015 Q4 · Prepared remarks: -0.42016 Q1 · Prepared remarks: -1.02016 Q2 · Prepared remarks: +7.72016 Q3 · Prepared remarks: +7.12016 Q4 · Prepared remarks: +8.82017 Q1 · Prepared remarks: +11.82017 Q2 · Prepared remarks: +11.52017 Q3 · Prepared remarks: +9.82017 Q4 · Prepared remarks: +7.52018 Q1 · Prepared remarks: +0.42018 Q2 · Prepared remarks: +12.22018 Q3 · Prepared remarks: +6.82018 Q4 · Prepared remarks: +0.82019 Q1 · Prepared remarks: +5.12019 Q2 · Prepared remarks: +14.92019 Q3 · Prepared remarks: +4.72019 Q4 · Prepared remarks: +11.02020 Q1 · Prepared remarks: -9.02020 Q2 · Prepared remarks: -11.12020 Q3 · Prepared remarks: -8.02020 Q4 · Prepared remarks: +5.82021 Q1 · Prepared remarks: +11.72021 Q2 · Prepared remarks: +31.22021 Q3 · Prepared remarks: +4.02021 Q4 · Prepared remarks: +4.22022 Q1 · Prepared remarks: -1.72022 Q2 · Prepared remarks: +1.42022 Q3 · Prepared remarks: +7.32022 Q4 · Prepared remarks: +4.52023 Q1 · Prepared remarks: +1.92023 Q2 · Prepared remarks: +4.02023 Q3 · Prepared remarks: +1.62023 Q4 · Prepared remarks: +0.02024 Q1 · Prepared remarks: -0.92024 Q2 · Prepared remarks: +7.52024 Q3 · Prepared remarks: +10.92024 Q4 · Prepared remarks: +6.02025 Q1 · Prepared remarks: +4.52007 Q2 · Q&A responses: +6.12007 Q3 · Q&A responses: +9.02007 Q4 · Q&A responses: +7.92008 Q1 · Q&A responses: -0.62008 Q2 · Q&A responses: +3.42008 Q3 · Q&A responses: +2.12008 Q4 · Q&A responses: -8.62009 Q1 · Q&A responses: -13.12009 Q2 · Q&A responses: -3.32009 Q3 · Q&A responses: +3.82009 Q4 · Q&A responses: +2.22010 Q1 · Q&A responses: +2.12010 Q2 · Q&A responses: +1.02010 Q4 · Q&A responses: +5.62011 Q1 · Q&A responses: -1.02011 Q2 · Q&A responses: +7.62011 Q3 · Q&A responses: +2.02011 Q4 · Q&A responses: +3.52012 Q1 · Q&A responses: +2.42012 Q2 · Q&A responses: -1.52012 Q3 · Q&A responses: +0.42012 Q4 · Q&A responses: +3.92013 Q1 · Q&A responses: -1.12013 Q2 · Q&A responses: +3.92013 Q3 · Q&A responses: +0.02013 Q4 · Q&A responses: -1.42014 Q1 · Q&A responses: +7.52014 Q2 · Q&A responses: -0.42014 Q3 · Q&A responses: +2.02014 Q4 · Q&A responses: +2.42015 Q1 · Q&A responses: +4.22015 Q2 · Q&A responses: -1.82015 Q3 · Q&A responses: -3.82015 Q4 · Q&A responses: -2.22016 Q1 · Q&A responses: -0.82016 Q2 · Q&A responses: +7.02016 Q3 · Q&A responses: +0.02016 Q4 · Q&A responses: +2.92017 Q1 · Q&A responses: +4.82017 Q2 · Q&A responses: +7.52017 Q3 · Q&A responses: +6.52017 Q4 · Q&A responses: +3.52018 Q1 · Q&A responses: +0.02018 Q2 · Q&A responses: +6.92018 Q3 · Q&A responses: +0.52018 Q4 · Q&A responses: +2.72019 Q1 · Q&A responses: +3.72019 Q2 · Q&A responses: +1.52019 Q3 · Q&A responses: +3.32019 Q4 · Q&A responses: -1.02020 Q1 · Q&A responses: -15.02020 Q2 · Q&A responses: +3.52020 Q3 · Q&A responses: -1.22020 Q4 · Q&A responses: +2.52021 Q1 · Q&A responses: -1.62021 Q2 · Q&A responses: +8.72021 Q3 · Q&A responses: +3.52021 Q4 · Q&A responses: +4.12022 Q1 · Q&A responses: -3.02022 Q2 · Q&A responses: -3.72022 Q3 · Q&A responses: -6.92022 Q4 · Q&A responses: -9.42023 Q1 · Q&A responses: -4.32023 Q2 · Q&A responses: -7.52023 Q3 · Q&A responses: -0.32023 Q4 · Q&A responses: -1.02024 Q1 · Q&A responses: +2.12024 Q2 · Q&A responses: +1.82024 Q3 · Q&A responses: +8.12024 Q4 · Q&A responses: +3.52025 Q1 · Q&A responses: -0.3
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$5.90$11.36$16.812007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $7.132014 Q2: $7.382014 Q3: $7.342014 Q4: $7.272015 Q1: $7.412015 Q2: $7.462015 Q3: $7.642015 Q4: $7.492016 Q1: $7.552016 Q2: $7.422016 Q3: $7.332016 Q4: $7.602017 Q1: $8.192017 Q2: $8.682017 Q3: $9.052017 Q4: $9.362018 Q1: $10.782018 Q2: $11.092018 Q3: $11.422018 Q4: $11.532019 Q1: $11.542019 Q2: $11.742019 Q3: $11.702019 Q4: $11.812020 Q1: $11.382020 Q2: $6.662020 Q3: $8.762020 Q4: $8.852021 Q1: $10.742021 Q2: $13.342021 Q3: $13.792021 Q4: $14.082022 Q1: $14.662022 Q2: $15.352022 Q3: $15.922022 Q4: $16.062023 Q1: $14.882023 Q2: $13.562023 Q3: $12.502023 Q4: $12.462024 Q1: $12.872024 Q2: $13.502024 Q3: $14.372024 Q4: $15.11

Forward P/E

6.9612.2517.532007 Q22009 Q32012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 11.932014 Q2: 12.002014 Q3: 11.882014 Q4: 12.302015 Q1: 12.972015 Q2: 13.072015 Q3: 12.022015 Q4: 12.952016 Q1: 11.222016 Q2: 11.362016 Q3: 12.182016 Q4: 15.032017 Q1: 15.302017 Q2: 14.282017 Q3: 14.062017 Q4: 15.372018 Q1: 14.672018 Q2: 13.132018 Q3: 12.402018 Q4: 9.892019 Q1: 11.172019 Q2: 11.352019 Q3: 12.072019 Q4: 13.552020 Q1: 7.692020 Q2: 16.802020 Q3: 12.982020 Q4: 16.412021 Q1: 16.612021 Q2: 14.262021 Q3: 13.792021 Q4: 14.072022 Q1: 13.122022 Q2: 10.202022 Q3: 10.202022 Q4: 9.322023 Q1: 8.402023 Q2: 9.332023 Q3: 9.892023 Q4: 11.742024 Q1: 11.872024 Q2: 11.442024 Q3: 12.702024 Q4: 12.70

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -4.3 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -6.1 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↑ +6.7 fwd EPS ↓ -0.13 Tone rose while the forward EPS estimate was cut.
  • 2017 Q4 tone ↓ -3.0 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -4.4 fwd EPS ↑ +1.42 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -4.4 fwd EPS ↑ +0.33 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +11.5 fwd EPS ↓ -4.72 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -2.6 fwd EPS ↑ +2.10 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -6.8 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.9 fwd EPS ↑ +0.58 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.4 fwd EPS ↑ +0.69 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +4.3 fwd EPS ↓ -1.17 Tone rose while the forward EPS estimate was cut.
  • 2024 Q4 tone ↓ -4.0 fwd EPS ↑ +0.74 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-15-2.9——View →
2024 Q42025-01-16+1.6$15.1112.7View →
2024 Q32024-10-15+5.6$14.3712.7View →
2024 Q22024-07-16+1.2$13.5011.4View →
2024 Q12024-04-16-2.0$12.8711.9View →
2023 Q42024-01-16-4.5$12.4611.7View →
2023 Q32023-10-13-2.2$12.509.9View →
2023 Q22023-07-18-3.8$13.569.3View →