PNC Financial Services Group Expects Net Interest Income to Decline in 4Q

Date : 10/16/2019 @ 12:35PM
Source : Dow Jones News
Stock : PNC Financial Services Group Inc (PNC)
Quote : 152.46  0.26 (0.17%) @ 11:08PM
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Last Trade
Last $ 152.46 ◊ 0.00 (0.00%)

PNC Financial Services Group Expects Net Interest Income to Decline in 4Q

PNC Financial Services (NYSE:PNC)
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   By Allison Prang 
 

PNC Financial Services Group Inc. (PNC) said it expects net interest income to fall by about 1% in the fourth quarter.

The regional lender is guiding for average loans to rise by about 1% and fee income to be between stable and up 1%, it said. PNC expects other noninterest income to be between $300 million and $350 million.

PNC said it expects its loan-loss provision to be between $175 million and $225 million and for noninterest expense to rise by about 1%.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

October 16, 2019 08:20 ET (12:20 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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