PNC Financial's (PNC) Strategic Actions Aid as Costs Rise

The PNC Financial Services Group, Inc.’s (PNC) solid balance sheet position and an increase in net interest income (NII) will continue to support its financials. Given the company’s earnings strength, its capital distribution activities seem sustainable. However, an elevated expense base and a lack of loan portfolio diversification are major concerns.PNC Financial thrives on a strong balance sheet position, evidenced by a steady rise in loans and deposit balances. Both loans and deposits witnessed a compoun ...