Reported about 24 hours ago
PNC Financial reported a significant increase in its first-quarter profit, driven by a rise in net interest income, which reached $3.48 billion. This growth aligns with trends seen in other major U.S. banks like JPMorgan Chase and Bank of America. However, investor concerns persist regarding potential inflation and recession linked to U.S. trade policies. Overall, PNC's net income rose to $1.40 billion, with positive projections for continued growth in 2025.
Source: YAHOO