PNC Financial Services Group, Inc.: Solid earnings as net interest margin expands modestly
PNC reported solid earnings in Q3, with net interest income and net interest margin increasing; asset quality weakened modestly but remains solid.PNC Financial Services Group is a bank holding company. The company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. The company's segments are: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; Asset Management Group, which provides personal wealth management; and BlackRock, which provides a range of investment and technology services.
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