Source Pravda.Ru

PNC reports 4Q profit decrease thanks to BlackRock Inc

By Alex Steblinina. PNC Financial Services Group Inc. reported profit decrease in fourth quarter because of writedowns linked to commercial mortgages and the company’s stake in BlackRock Inc.

Net income was as low as $178 million in comparison with $376 million a year earlier. The bank earned $1.07 a share, but its business was impacted by costs from funding BlackRock

PNC Financial Services is a U.S.-based financial services corporation, with assets of $101.8 billion. PNC operations include a regional banking franchise operating primarily in eight states and the District of Columbia , specialized financial businesses serving companies and government entities, and leading asset management and processing businesses. PNC also owns the Louisville-based Hilliard Lyons investment firm. PNC is America's 11th largest bank by deposits and is the third largest bank off-premise ATM provider in the country.

Comments
Argentina hides the truth about the death of San Juan submarine
Moving inexorably towards war
Presidential and midterm elections in the USA change the 'American project' entirely
USA plays to pretend a mighty dragon that can no longer breathe fire
Presidential and midterm elections in the USA change the 'American project' entirely
Brexit: The UK's misunderstanding of Democracy
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Nagorno-Karabakh: 20,000 people killed, but no one is interested
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Russia rips its economy apart with help from the West
Brexit: The UK's misunderstanding of Democracy
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Argentina hides the truth about the death of San Juan submarine
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Russians lose faith in their future, get ready for worse
Theatrical posters depicting naked dancers banned in Russian provincial city
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy