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PNC beats Q2 earnings estimates with record revenue, but shares fall on expense and deposit concerns.

Company Fundamentals
15 Jul 2026
Gordon Thompson
View Source
Neutral
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PNC Financial Services Group reported Q2 2026 adjusted EPS of $4.85 and record revenue of $6.88 billion, surpassing analyst expectations. The growth was driven by a 15.5% rise in net interest income and a 31.4% increase in fee income, reflecting strong core banking performance. Despite these positive results, PNC's stock dropped 3.8% due to worries over higher expenses and a 1.7% sequential decline in deposits. The company returned $1.30 billion to shareholders and announced an 18% dividend increase, signaling confidence in its financial health.

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