U.S. regional banks including U.S. Bancorp and PNC Financial relied on a lending rebound and strong fee income to deliver broad second-quarter gains, alleviating concerns that the Middle East war would weigh on loan demand and spending.
U.S. bank PNC Financial reported record quarterly revenue on Wednesday, boosted by robust capital markets activity and its acquisition of regional lender FirstBank.
Generated record revenue, net interest income and fee income Increased quarterly common stock dividend 30 cents, or 18%, to $2.00 per share PITTSBURGH, July 15, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 2Q26 1Q26 2Q25 Second Quarter Highlights Financial Results Comparisons reflect 2Q26 ...
PITTSBURGH, July 14, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on July 23, 2026, of all outstanding 5.102% Fixed Rate/Floating Rate Senior Notes due July 23, 2027, issued by PNC in the amount of $1,000,000,000 (CUSIP 693475 BY0). The securities have an original scheduled maturity date of July 23, 2027.
U.S. consumers have for years grappled with "funflation," or inflated prices for live experiences that they missed out on during the pandemic. But now, following a wave of price hikes, even at-home pastimes like streaming movies or playing video games are also pinching pocketbooks and resulting in reduced spending.
Some industry leaders are reportedly eyeing a deal that could help them skirt around limits on how much they can charge for debit-card fees.
Big banks have reportedly been looking to acquire a payments processing network from Fiserv, and the financial technology firm's stock is getting a boost Tuesday on the news.