PNC Q4 Net Interest Income $3.4B; Average Deposits $423.9B, Increased $1.4B From Q3
Portfolio Pulse from Benzinga Newsdesk
PNC Financial Services Group reported a Q4 net interest income of $3.4 billion. The bank also saw an increase in average deposits to $423.9 billion, which is a $1.4 billion rise from Q3.
January 16, 2024 | 11:48 am
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PNC Financial Services Group's Q4 earnings show a solid net interest income and growth in average deposits, indicating a positive performance.
The reported increase in net interest income and average deposits for PNC Financial Services Group in Q4 suggests a strong financial performance, which is likely to be viewed positively by investors. This could lead to a short-term positive impact on PNC's stock price as it reflects the bank's ability to grow its core business and manage its assets effectively.
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