PNC Q2 profit jumped 25% to $2.06B, or $4.81 per share, as revs increased 21% to $6.88B vs. est. $6.5B; Q2 net interest Income jumped 11% Y/
PNC Q2 profit jumped 25% to $2.06B, or $4.81 per share, as revs increased 21% to $6.88B vs. est. $6.5B; Q2 net interest Income jumped 11% Y/y to $4.107B vs. est. $4.106B driven by strong loan growth, the FirstBank acquisition and lower deposit costs; Q2 capital markets and advisory revenue surged 80% over the year earlier to $577M; sees Q3 net interest Income up 3%-3.5% vs Q2
PNC Q2 profit jumped 25% to $2.06B, or $4.81 per share, as revs increased 21% to $6.88B vs. est. $6.5B; Q2 net interest Income jumped 11% Y/y to $4.107B vs. est. $4.106B driven by strong loan growth, the FirstBank acquisition and lower deposit costs; Q2 capital markets and advisory revenue surged 80% over the year earlier to $577M; sees Q3 net interest Income up 3%-3.5% vs Q2