On Wednesday, the bank reported earnings of
Revenue in the second quarter fell 6 percent to 3.8 billion from 4.06 billion a year ago.
PNC president and CEO
"We grew our loans, our fee business performed well, expenses were well managed, credit quality continued to improve and capital levels strengthened," Demchak said in a news release. "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."
Through the first six months, earnings were up less than 1 percent, to
(c)2014 The Pittsburgh Tribune-Review (Greensburg, Pa.)
Visit The Pittsburgh Tribune-Review (Greensburg, Pa.) at www.triblive.com
Distributed by MCT Information Services