PNC CEO Says Large Deal Could Destroy Value
PNC CEO Bill Demchak said the bank would avoid a large acquisition if it slowed growth and the company’s AI transformation. He told analysts organic growth has been better than management expected.
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PNC Reports Q3 Net Income of $2.1 Billion, EPS of $5.09
PNC Financial Services Group reported third-quarter net income of $2.1 billion, or $5.09 per diluted share, and return on tangible common equity above 18%. It forecast Q4 average loan growth of 2.5% and net interest income growth of 4%.