PNC

PNC Financial profit more than doubles on BlackRock stake sale gain

July 15 (Reuters) - PNC Financial Services Group Inc's PNC.N second-quarter profit more than doubled as the U.S. regional bank recorded a gain from the sale of its position in asset manager BlackRock Inc BLK.N.

Net income attributable to common shareholders jumped to $3.59 billion, or $8.40 per share, in the three months ended June 30, from $1.31 billion, or $2.88 per share, a year earlier, the bank said on Wednesday. (https://reut.rs/3jcwi91)

(Reporting by Bharath Manjesh in Bengaluru; Editing by Sriraj Kalluvila)

((Bharath.ManjeshR@thomsonreuters.com; outside U.S. +91 80 6749 2703;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.