More on PNC Financial (PNC) Q2 earnings: Net income of $1.1B about doubles last year's result....

|About: PNC Financial Services G... (PNC)|By:, SA News Editor

More on PNC Financial (PNC) Q2 earnings: Net income of $1.1B about doubles last year's result. Net interest income of $2.3B off 11% Y/Y, with NIM of 3.58% down 50 bps from a year ago. Noninterest income of $1.8B up 65% Y/Y, led by growth in Asset Management and Corporate Service Fees (think higher rates on commercial MSRs). Basel III Tier 1 capital ratio of 8.2%. Book value/share of $68.46. CC at 10 ET. Shares +1.3% premarket. (PR)