PNC Financial Quarterly Profit Beats On Higher Loan Growth | 1/15/2020 | Staff
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(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...
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