PNC Financial sees billion-dollar boost to its bottom line from tax overhaul

Favicon Charlotte Business News

PNC Financial Services Group Inc. (NYSE: PNC) reported Friday net earnings of almost $2.1 billion in the fourth quarter of 2017, bringing its yearly earnings to about $5.4 billion. PNC also reports diluted earnings per share of $4.18 in the fourth quarter, and an annual EPS of $10.36. The bank reports its net income largely benefited from the GOP-led tax reform, which President Donald Trump signed into law in late December. PNC added another $1.13 billion to its income in light of the legislation. William...

Read the full article here: Charlotte Business News


The post: «PNC Financial sees billion-dollar boost to its bottom line from tax overhaul» has been published on the website Charlotte Business News where, everyday, you can find the latest news about Charlotte's area.



Get more articles about this topic

Leave a comment