PNC Financial reports drop in profit, begins job cuts | Reuters

PNC Financial Services Group said on Friday it is cutting about 4% of its workforce and reported a drop in third-quarter profit, as a surge in funding costs offset higher interest from its assets. Read More

PNC Financial Services to cut jobs after quarterly profit drop

PNC Financial Services Group said on Friday it would reduce its workforce by about 4% as part of its cost reduction plans after it posted a drop in profit in the third quarter. The lender earned a ... Read More

Financial services brace for more job cuts as clouds gather

Financial services firms are expecting a rapid increase in jobs losses over the coming months as investment plans and optimism levels sink to fresh lows. The sector’s activity fell at the fastest rate ... Read More

PNC Financial Quarterly Profit Drops on Lower Interest Income, Higher ...

(Reuters) - PNC Financial reported a 4% drop in third-quarter net profit on Tuesday, as it earned less from customer interest payment and set aside a bigger buffer of capital to cover loans that ... Read More

PNC Financial First-Quarter Profit Rises on Higher Interest Income

REUTERS/Ashraf Fahim/File Photo (Reuters) - U.S. bank PNC Financial reported a rise in first-quarter profit on Tuesday, helped by a boost in interest income. Read More

PNC details its job-cut plan, cites a slowdown in lending

Amid falling revenue, PNC Financial Services Group said it will trim 4% of its workforce to curtail costs by $325 million and prop up its profitability in 2024. The $557 billion-asset bank's ... Read More

PNC Financial Services' Quarterly Earnings Preview: What You Need to ...

PNC Financial Services will release its fourth-quarter earnings this month, and analysts anticipate a single-digit bottom-line growth. Read More

PNC Financial reports drop in profit, begins job cuts

(Reuters) -PNC Financial Services Group said on Friday it is cutting about 4% of its workforce and reported a drop in third-quarter profit, as a surge in funding costs offset higher interest from ... Read More

PNC Financial quarterly profit drops on lower interest income, higher ...

PNC said net interest income (NII), or the difference between what a bank earns as interest on loans and pays out on deposits, declined to $3.41 billion in the third quarter from $3.42 billion a year ... Read More

PNC Financial reports drop in profit, begins job cuts

(Reuters) -PNC Financial Services Group said on Friday it is cutting about 4% of its workforce and reported a drop in third-quarter profit, as a surge in funding costs offset higher interest from its ... Read More