— The PNC Financial Services Group Inc. (NYSE: PNC) reported Q4 2019 earnings of $2.97 per share, vs. $2.93 expected.
— Revenues grew 3% to $4.6 billion, vs. $4.4 billion expected.
— Net interest income decreased 1% to $2.5 billion.
— Net interest margin fell 6 basis points to 2.78%.
— Non-interest income increased 7% to $2.1 billion.
— Non-interest expense increased 5% to $2.8 billion.
After starting the week on a positive note, major stock indexes witnessed volatility and slipped mid-week. Meanwhile, the S&P 500 index regained a part of the lost momentum and closed
The TJX Companies Inc. (NYSE: TJX) saw sales slightly drop during the third quarter of 2021 while earnings benefited from lower tax rates. Open-only comp store sales were down 5%
Value investors have long viewed the fintech industry as a gold mine of opportunities in the years to come, with payment processing services carrying a fair share of interest. Those