PNC Q3 Net Interest Income $3.4B, Down 2% YoY; Avg. Deposits $422.5B, Down 3.8%
Portfolio Pulse from Benzinga Newsdesk
PNC Financial Services Group reported a 2% YoY decrease in its Q3 net interest income to $3.4B. The company also reported a 3.8% decrease in average deposits to $422.5B.
October 13, 2023 | 10:56 am
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PNC's Q3 earnings report shows a decrease in both net interest income and average deposits, which could negatively impact investor sentiment.
PNC's Q3 earnings report shows a decrease in both net interest income and average deposits. This could be seen as a negative sign by investors, potentially leading to a decrease in the stock price in the short term.
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