PNC Financial Quarterly Profit Beats On Higher Loan Growth

www.oann.com | 1/15/2020 | Staff
Refel_4309Refel_4309 (Posted by) Level 3
(Reuters) – PNC Financial Services Group Inc on Wednesday posted a better-than-expected fourth-quarter profit, driven by growth in its loan book.

PNC Financial, one of the largest local U.S. lenders by assets, said its loan portfolio grew 6% to $239.8 billion, with commercial lending accounting for 67% of total loans.

US - Bank - Interest - Income - Loans

The U.S. regional bank’s net interest income rose marginally to $2.49 billion as higher loans and...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!