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PNC Financial dives 4.3% following this morning's headline beat on earnings. The bank reported...
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Tuesday, October 16, 2012, 10:04 AM ETPNC Financial dives 4.3% following this morning's headline beat on earnings. The bank reported total loan growth of 1% Q/Q, with net interest margin declining 26 basis points to 3.82%. Mortgage banking is a bright spot, contributing $36M to the bottom line after accounting for a $213M loss in Q2. Loan loss reserve release adds $28M to profits. (PR)
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