News Formal

PNC Financial Posts Lower 3Q Earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

By Will Feuer PNC Financial Services posted lower earnings for the third quarter as the sluggish M&A market and lower trading activity weighed on...

PNC Financial Services posted lower earnings for the third quarter as the sluggish M&A market and lower trading activity weighed on non-interest income, and higher funding costs squeezed net interest income.

The Pittsburgh-based bank posted third-quarter net income of $1.55 billion, or $3.60 a share, down from $1.62 billion, or $3.78 a share, in the same period last year. Analysts surveyed by FactSet were expecting earnings of $3.10 a share. Revenue fell to $5.23 billion from $5.55 billion. Analysts surveyed by FactSet were expecting revenue of $5.32 billion.Net interest income slipped about 2% from a year ago to $3.42 billion, while non-interest income fell 12% from last year to $1.82 billion.

The bank provisioned $129 million for credit losses, compared with $241 million a year ago and $146 million in the second quarter.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

PNC reportedly cutting jobs but company remains mum on the number of people affectedSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

PNC cutting jobs but company remains mum on the number of people affectedSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »