PNC Financial Services (PNC) Tops Q2 EPS by 7c

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PNC Reports Second Quarter 2016 Net Income Of $989 Million, $1.82 Diluted EPS

July 15, 2016 6:35 AM EDT

PITTSBURGH, July 15, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $989 million, or $1.82 per diluted common share, for the second quarter of 2016 compared with net income of $943 million, or $1.68 per diluted common share, for the first quarter of 2016 and net income of $1.044 billion, or $1.88 per diluted common share, for the second quarter of 2015.

"We had a good second quarter against a backdrop of global uncertainty," said William S. Demchak, chairman, president and chief executive officer. "We grew fee income, along with average... More