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%.
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(END) Dow Jones Newswires
October 16, 2019 08:20 ET (12:20 GMT)
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