PNC Financial Services Announces Achievements For Q3 2021: It’s Definitely Worth Your Attention

Throughout the month, PNC stock has been steadily growing. The stock price rose from $183.02 to $204.34. During the last trading session, PNC price traded at  $202.50 (0.99%). Today, stock in the pre-market fell by 1.23% and amounted to $200. Total sales climbed by $530 million in the third quarter of 2021 compared to the second quarter, and by $916 million compared to the third quarter of 2020.

The rise was mostly due to the acquisition of BBVA USA and an increase in noninterest revenue as a result of greater business activity in both comparisons. Net interest income attributable to BBVA USA was $532 million in the third quarter of 2021, with a large increase in depreciation of premiums due to specific BBVA USA investment instruments. Net interest income attributable to BBVA USA was $236 million in the second quarter of 2021, including a $30 million benefit from enhanced purchase accounting. In the third quarter of 2021, the total noninterest income attributable to BBVA USA was $213 million, up to $133 million from the previous quarter.