Tag: $PNC

PNC Financial’s (PNC) profit jumped 25% in the fourth quarter, as the U.S. bank earned more from interest payments and cashed in on a dealmaking rebound.

 U.S. bank PNC Financial (PNC.N), said on Monday it will buy Colorado-based FirstBank Holding in a $4.1 billion cash-and-stock deal. A more sanguine regulatory environment under the Trump administration has opened the doors for large bank M&A to return.

July 18 (Reuters) – PNC Financial Services Group (PNC.N) on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow over the lender’s second-quarter earnings beat.