Quartz·1 min read·medium
PNC posts record quarterly revenue as capital markets fees surge and profit jumps 25%
✦AI Summary
PNC Financial Services reported record quarterly revenue, driven by an 80% surge in capital markets and advisory fees. The bank's profit also rose by 25%, bolstered by its recent FirstBank acquisition.
Capital markets and advisory revenue climbed 80% from a year earlier, while the FirstBank acquisition added to loan and deposit growth
businesseconomy
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