US Markets
PNC

PNC Financial profit more than doubles on BlackRock stake sale gain

PNC Financial Services Group Inc's 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.

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.

In This Story

PNC BLK

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More