PNC Financial’s profit more than doubles on gain sale of stake in BlackRock

Earnings

An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania.

Getty Images

PNC Financial’s second-quarter profit more than doubled as the U.S. regional bank recorded a gain from the sale of its position in asset manager BlackRock.

Net income attributable to common shareholders jumped to $3.59 billion, or $8.40 per share, in the three months ended June 30, from $1.31 billion, or $2.88 per share, a year earlier, the bank said on Wednesday.

Products You May Like

Articles You May Like

Stock futures jump ahead of the busiest week of earnings
Microsoft reports 17% revenue growth as cloud business accelerates
Netflix shares rise on strong subscriber growth, considers share buybacks
You may be able to trim your Medicare expenses. Here’s how
Stocks making the biggest moves midday: Ford, IBM, Intel, Seagate and more

Leave a Reply

Your email address will not be published. Required fields are marked *