PNC Financial profit jumps on dealmaking windfall, interest income boost

Core Insights - PNC Financial's profit increased by 25% in the fourth quarter, driven by higher interest payments and a rebound in dealmaking activity [1] Financial Performance - The bank's earnings were significantly boosted by increased interest income, reflecting a favorable interest rate environment [1] - The resurgence in dealmaking contributed to the profit growth, indicating a recovery in investment banking activities [1]