PNC Financial Services Group Inc at Sanford C Bernstein Strategic Decisions Conference Transcript
Okay. Thanks, everyone. Good afternoon. We're happy to kick off the afternoon session here with PNC Financial. We've got CEO, Bill Demchak, joining us. Bill, thanks for being here today.
Great to be here.
Questions & Answers
As usual in these bank sessions, I think we'll start off asking you about the broad state of the economy. You got the Fed maybe continuing to tighten, inflation is still running high, yet unemployment's low, a lot of uncertainty out there. So what's your take on the macro, both what we're seeing now and your outlook for the rest of the year?
I don't know that we have a terribly different view than consensus. We expect a shallow recession. I'm still waiting for somebody to define for me what exactly that means. But we're assuming, fourth quarter,
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |