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Tag Archives: PNC

What Happened to the Financial Market?

Wells Fargo, Citigroup, and JPMorgan Chase all reported their second quarter financial earnings on Friday before the market opened in the morning; but, despite reporting earnings and total ...

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PNC Names Gus Faucher as Chief Economist

The PNC Financial Services Group, Inc., announced on Wednesday that Augustine (Gus) Faucher will assume responsibility as Chief Economist effective immediately. Faucher succeeds Stuart G. Hoffman, who had served PNC as Chief Economist for 37 years.

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Bank of America More Than Doubles its Q2 Net Income; U.S. Bank & PNC Profitable

Bank of America reported a net income of $5.3 billion for Q2, more than twice the bank's net income from the same quarter in 2014, according to the bank's Q2 2015 earning statement released Tuesday. U.S. Bancorp and PNC also posted solid growth in Q2 with net incomes of $1.48 billion and $1.0 billion, respectively, Tuesday in their earnings statements.

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PNC Reports Solid First-Quarter Earnings

PNC Financial Services Group released its quarterly earnings, reporting a net income of $1.1 billion, or $1.82 per diluted common share. The group found that consumer lending decreased by $1 billion, from "lower home equity, residential mortgage and education loans as well as seasonal declines in credit card loans partially offset by growth in automobile loans."

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