A reduction in mortgage refinance production at The PNC Financial Services Group Inc. was easily offset with a sharp increase in the origination of loans to finance home purchases.
Pittsburgh-based PNC disclosed in its second-quarter earnings report $1.5 billion in income prior to income taxes and non controlling interests.
The bank-holding company earned more than $1.4 billion in the preceding three-month period and $1.3 billion during the same three months last year.
…read more
From:: Financing