PNC Financial leaves FY25 guidance unchanged

PNC Financial (PNC) sees FY25 revenue up about 6% vs. FY24, consensus $22.82B. Sees FY25 average loans stable; spot loans up 2%-3%; NII up 6%-7%; Noninterest income up about 5%; Noninterest expense up about 1%; Effective tax rate approx. 19%. All FY25 guidance vs. FY24. Comments taken from investor presentation slides for Q1 earnings conference call.