Strong growth in the investment services business of PNC Bank helped temper declines in lending and other units that rely on interest income, the parent of the Pittsburgh-based bank announced on Wednesday.

The Asset Management Group, which includes personal wealth management for high-net-worth and ultra-high-net-worth clients, raked in $362 million in revenue in the second quarter, up $22 million, or 6%, from $340 million in the same quarter the year before. 

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access