PNC Bank stocks drop amid weak loan demand, rising costs

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks climb after upbeat big-bank earnings: Stock market news todayThe Dow rose 200 points after JPMorgan and Wells Fargo kicked off earnings season with profit beats.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Dow jumps after upbeat big-bank earnings, Nasdaq slips: Stock market news todayThe Dow rose 200 points after JPMorgan and Wells Fargo kicked off earnings season with profit beats.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »