PNC Financial Services reported Q2/14 net income of $1.1 billion, or $1.85 per diluted common share, compared with net income of $1.1 billion, or $1.98 per diluted common share, for Q2/13. Analysts polled by Thomson Financial expected Q2 EPS of $1.78.
“We delivered solid earnings in the second quarter of 2014,” said William S. Demchak, chairman, president and chief executive officer. “We grew loans, our fee businesses performed well, expenses were well managed, credit quality continued to improve and capital levels strengthened. While our near-term outlook is for a continuation of the low interest rate environment, we are making important progress on our strategic priorities, which we expect will benefit our long-term performance.”
Highlights:
To read the entire PNC Financial news release, click here.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
No tags available