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Fee income

U.S. Bank keeps focus on organic growth after strong quarter

Earnings, Fee income, U.S. Bank /

Bottom line: A double-digit spike in fee revenue at U.S. Bancorp pushed third-quarter net income to $2.0 billion. Expert quote: “We’re feeling very good about the momentum organically over time, and certainly see very real opportunity and quite a lot of runway,” said CEO Gunjan Kedia. Key insight: Return on tangible common equity totaled 18.6% […]

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PNC logs record revenue on fee income, loan growth

Earnings, Fee income, M&A, PNC, PNC Financial Services Group /

Key insight: PNC hit or beat expectations across the board for its third quarter financial results. What’s at stake: After years of mild dealmaking and loan growth, banks are starting to reap the benefits of more certainty and a frothier market. Forward look: While PNC logged record revenue for the third quarter, its fourth-quarter outlook

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