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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| PNC Financial Services Group Inc | NYSE:PNC | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 156.22 | 0 | 09:20:38 |
From May 2019 to May 2024
By Allison Prang
PNC Financial Services Inc. (PNC) expects its loan-loss provision to be between $125 million and $200 million in the second quarter after the company reported a substantial increase in the metric for the three-month period that ended in March.
PNC had a credit-loss provision of $189 million in its first quarter. That was up from $92 million for the comparable quarter a year prior.
PNC said it expects net interest income to rise in the low single digits in the second quarter compared with the first-quarter. It expects fee income to increase in the mid-single digits and for other noninterest income to be between $275 million and $325 million, it said.
Compared with the first quarter, PNC expects average loans to increase by about 1%. It expects noninterest expense to increase in the low single digits.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
April 12, 2019 08:54 ET (12:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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