PNC Third-Quarter Profit Beats Estimates as Lender Trims CostsBy
Net income climbs 3.4% to $1.07 billion or $1.90 a share
Revenue declines 1.7% to $3.78 billion, missing estimates
PNC Financial Services Group Inc., the second-largest U.S. regional bank, reported third-quarter profit that beat analysts’ estimates as the lender cut costs to counter a decline in revenue.
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