United States

PNC Financial Services Group Inc (PNC.N)

PNC.N on New York Stock Exchange

22 Jul 2016
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$0.38 (+0.46%)
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Fri, Jul 15 2016

Fitch: PNC's 2Q16 Results Higher on Improved Fee Income

(The following statement was released by the rating agency) CHICAGO, July 15 (Fitch) PNC Financial Services Group, Inc. (PNC) reported $989 million in net income for 2Q16, up 5% on a linked-quarter basis, for an ROA of 1.11%. On a year-over-year basis, net income fell 5.3%. The results are in line with Fitch Ratings' expectations for the company, which remains very highly rated. Results reflected strong fee income growth during the quarter and lower credit costs, partially offset by higher

BRIEF-PNC Financial Services Group sees Q3 net interst income stable with 2Q16

* Sees Q3 loan loss provision of $100 million-$150 million Source - http://bit.ly/29J5fil Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

BRIEF-PNC Financial Services to repurchase up to $2 bln in shares

* Plan included a recommendation to increase quarterly cash dividend on common stock by $0.04 cents per share, or 7.8 percent, to $0.55 cents per share

BRIEF-PNC Financial Services Q1 net interest income $2.1 bln

* Net interest income of $2.1 billion for q1 increased $6 million compared with q4

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