PNC Financial Services Group Expects Net Interest Income to Decline in 4Q
October 16 2019 - 8:35AM
Dow Jones News
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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