PNC Faces Decision Over $9.7 Billion Stake in Fink’s BlackRock

PNC Faces Decision Over $9.7 Billion Stake in Fink’s BlackRock

Scott Eells/Bloomberg

By retaining its stake as BlackRock Inc.’s largest shareholder, PNC Financial Services Group Inc. maintains a steady earnings stream at a time when tepid loan growth and low interest rates have squeezed lenders’ margins.