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PNC, Fee Income
PNC Financial's profit rises on interest income growth, lower rainy-day funds
PNC Financial on Thursday reported a higher fourth-quarter profit as it earned more in interest payments and set aside less capital to cover potential loan defaults.
PNC Financial 4Q Revenue Increases as Fee Income, Net Interest Income Grow
PNC Financial Services reported higher revenue in its latest quarter driven by a jump in fee income and net interest income. The Pittsburgh bank logged net income of $1.63 billion, or $3.77 a share, compared to $1.51 billion, or $3.49 a share, a year earlier. Analysts polled by FactSet expected $3.33 a share.
PNC Financial Q4 Earnings Beat Estimates, NII & Fee Income Rise Y/Y
The PNC Financial Services Group, Inc.’s PNC fourth-quarter 2024 adjusted earnings per share of $3.77 surpassed the Zacks Consensus Estimate of $3.3. In the prior-year quarter, the company reported earnings per share of $1.
2h
on MSN
Bank of America CEO Brian Moynihan: We expect net interest income to increase next year
CNBC's Becky Quick speaks with Brian Moynihan, Bank of America chair and CEO, to discuss the bank's most recent earnings, ...
49m
on MSN
Big interest earnings from COVID grants were kept out of CT budget since 2021
The Treasurer’s Office did not properly move the interest earnings to CT’s General Fund until a few weeks ago, Lamont’s ...
15d
How is interest income taxed?
Interest income and ordinary dividends (qualified dividends are taxed at capital gains rates) are taxed at the same rate as ...
11h
on MSN
BofA profit jumps on trading boost, sees higher 2025 interest income
Bank of America reported higher profit on Thursday as its traders benefited from a flurry of activity in the fourth quarter ...
1d
on MSN
How to Pay Taxes on Investment Income
Calculating taxes on investments involves downloading tax forms from your broker and grasping various investment tax rates.
1d
Wells Fargo Pins Decline in Net Interest Income on Lower Rates
Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12 ...
1d
BNY quarterly profit beats estimates on higher fee income boost; shares jump
BNY beat profit estimates for the fourth quarter on Wednesday as it earned higher investment services fees from its clients, ...
9h
on MSN
BofA Investment Bankers Boost Earnings as Lending Income Rises
Bank of America Corp. posted fourth-quarter profit that topped analysts’ estimates as investment-banking fees hit the highest ...
1d
JPMorgan Chase's net interest income dips 3%
JPMorgan Chase said its fourth-quarter net interest income dropped by 3% of $23.35 billion. The consolidated bank's interest rate spread narrowed to 1.95% in the fourth quarter from 2.03% a year ...
7d
on MSN
10 States Making Big Changes to Income Tax Rates in 2025
Nine states reduced their tax rates effective Jan. 1, 2025, and one eliminated its income tax. Find out if you live in one of ...
1d
on MSN
Wells Fargo's profit beats on dealmaking rebound as it raises interest income forecast
Wells Fargo's profit beat expectations in the fourth quarter powered by a rebound in dealmaking activity and forecast it ...
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