UPDATE 1-PNC Financial profit tops estimates on higher interest rates [Reuters]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: Reuters
PNC Financial profit tops estimates on higher interest rates | Reuters Reuters Staff 2 Min Read (Reuters) - PNC Financial Services Group Inc ( PNC.N ) on Friday posted a quarterly profit that beat analysts’ estimates, driven by higher net interest income and improved fee income. Net income attributable to diluted common shares rose to $1.28 billion in the second quarter ended June 30, from $1.03 billion, a year earlier. On a per share basis, the Pittsburgh-based regional bank earned $2.72, blowing past analysts’ estimates of $2.58, according to Thomson Reuters I/B/E/S. Net interest income rose 7 percent to $2.41 billion, helped by higher interest rates, which the U.S. Federal Reserve has raised four times since the second quarter of last year. Non-interest income climbed 6 percent to $1.91 billion due to growth in asset management and consumer service revenue, which offset a decline in residential mortgages. PNC Financial, one of the largest U.S. lenders by assets, said its loan por
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PNC
Earnings
- 4/16/24 - Beat
PNC
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 144
- 4/16/24 - Form 8-K
- PNC's page on the SEC website