OPEN APP
Home >Companies >News >PNC Financial profit more than doubles on BlackRock stake sale gain
PNC Financial profit more than doubles on BlackRock stake sale gain (Mint)
PNC Financial profit more than doubles on BlackRock stake sale gain (Mint)

PNC Financial profit more than doubles on BlackRock stake sale gain

  • PNC Financial profit more than doubles on BlackRock stake sale gain
  • Net income attributable to common shareholders jumped to $3.59 billion, or $8.40 per share, in the three months ended June 30, from $1.31 billion, or $2.88 per share

PNC Financial Services Group Inc's second-quarter profit more than doubled as the US regional bank recorded a gain from the sale of its position in asset manager BlackRock Inc.

Net income attributable to common shareholders jumped to $3.59 billion, or $8.40 per share, in the three months ended June 30, from $1.31 billion, or $2.88 per share, a year earlier, the bank said on Wednesday.

This story has been published from a wire agency feed without modifications to the text.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
Edit Profile
My Reads Redeem a Gift Card Logout