PNC Raises Q3 NII Outlook on Outperformance in Capital Markets

At the 2024 Barclays Global Financial Services Conference, The PNC Financial Services Group, Inc.’s (PNC) chairman and chief executive officer, William S. Demchak, stated that the company expects to report its third-quarter 2024 net interest income (NII) at the higher end of its previously projected 1-2% growth range. Demchak said, “We'd be at the high end of the guide or even better simply on the outperformance of Harris Williams in capital markets relative to what we had expected.” Harris Willams is a glo ...