$PNC

The article summarizes Q2 earnings for several U.S. banks. Wells Fargo reported $22.7B revenue, up 8.6% YoY, beating analysts’ revenue by 3.9%, and its stock was up 1.6% to $89.09. U.S. Bancorp revenue was $7.76B (+9.9% YoY) with a tangible book value miss; stock up 3.4% to $65.16. PNC revenue was $6.68B (+17.5% YoY) and stock $254.50. Truist revenue was $5.31B (+5.1% YoY) and stock $52.65.

Simply Wall St says PNC Bank opened its 50th new branch in early August 2026 as part of a US$2.0 billion plan to add 300 branches and renovate its U.S. network by 2030. It also cites PNC’s Q2 2026 results as beating analyst expectations on revenue and earnings, and projects 2029 revenue of US$28.5B and earnings of US$8.4B.

Juchno Stacy M. (Executive Vice President) sold 3,354 shares of PNC FINANCIAL SERVICES GROUP, INC. (PNC) at $255.84 ($0.86M total) on 2026-08-13.

The article says financial stocks have rebounded after lagging earlier in the year. It cites XLF up more than 13% and KBE up about 13% over three months versus the S&P 500 up about 5%, attributing gains to bank earnings, a steeper yield curve, easing U.S.-Iran tensions, and expectations of less regulation. It also notes RBC expects banks may rise 10% to 20% in 12 months.

Jefferies said 16 banks raised maximum CD yields in the past month, led by PNC Financial, which lifted its 7-month CD APY by 50 bps to 4%. Bread Financial and Popular Direct set 1-year CDs at 4.25% APY, Sallie Mae and CIBC at 4.15%, Synchrony at 4.1%, and Capital One at 4%. Jefferies expects deposit competition to keep funding costs rising.

PNC Financial raised its 2026 net interest income growth guidance to 15% to 15.5% from 14.5%, citing loan growth, improving deposit mix and fixed-rate asset repricing. Q2 NII rose 16% to $4.11B and NIM edged to 2.96%. Loans rose to $363.2B; non-interest deposits grew 4%. PNC also cited the FirstBank deal adding $16B loans and $23B deposits.

Vietnam’s Phuong Nam Cultural Joint Stock Corp (PNC) saw a major shareholder reshuffle on July 31, when Evertrust bought 5.34 million PNC shares for VND144.31 billion, about a 49.49% stake, via Tan Luc South. Thien Long said the move consolidates shares for easier divestment. PNC also reported Q2 2026 net revenue of VND151 billion and a net loss of VND15 billion.

Regional banks’ commercial and industrial lending picked up in Q2, with the Fed’s survey showing 16.1% net of banks reporting higher demand from large and midsize firms, up from 4.8% in Q1. PNC and Fifth Third cited broad C&I growth tied partly to AI infrastructure spending. KRE rose 17% YTD and neared a record high.

PNC Infratech said Subhash Chander Kalia will cease as a Non-Executive Independent Director effective Aug 6, 2026, due to mandatory retirement at age 75 under SEBI LODR Reg. 17(1A), unless shareholders pass a special resolution. The company appointed Naresh Kumar Jain to the Nomination and Remuneration Committee. PNC Infratech will hold a conference call Aug 10, 2026 to discuss Q1FY27 unaudited results.

KeyCorp, Regions Financial, PNC Financial Services, and Origin Bancorp reported higher commercial loan growth in the latest quarter, driven by new lending and increased commitments, while credit quality stayed stable. KeyCorp C&I credit line use fell to 31.1%. Regions net charge-offs fell to 42 bps and nonperforming loans to 0.67%. Deposit growth and treasury services rose alongside lending.