
PNC Financial profit more than doubles on BlackRock stake sale gain
1 min read . Updated: 15 Jul 2020, 04:58 PM IST- 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.
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This story has been published from a wire agency feed without modifications to the text.
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