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PNC Bank stocks drop amid weak loan demand, rising costs

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PNC Bank (PNC) shares are down following lower third-quarter earnings. the company reported weak results in trading revenue, loan syndication, and merger and...

) shares are down following lower third-quarter earnings. the company reported weak results in trading revenue, loan syndication, and merger and acquisition revenue. PNC attributed the impact of higher rates on business investments and consumer spending, affecting their bottom line through mid-2024. Alexander Yokam, Senior Equity Research Analyst at CFRA Research, joined Yahoo Finance Live to weigh in, saying that businesses are “holding out hope” for rates to fall.

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023. -- The independent shale drillers that undermined OPEC’s decades-long grip on global oil markets soon will be a thing of the past as international giants swallow them up, according to one of the industry’s founding members.

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