PNC’s surging fee income boosts revenue
The Pittsburgh-based company’s earnings fell 4% in the third quarter from a year ago, although noninterest income climbed 11%.
Klarna to sell $39 billion portfolio to Elliott
The Swedish company struck a deal to offload buy-now, pay-later loans that it originates in the U.K. as it looks for ways to free up capital ahead of its public debut.
U.S. Bancorp’s earnings checked by subdued lending activity
The Minneapolis-based banking giant posted a third-quarter profit, although average total loans slipped 1% from a year earlier. Slower business and commercial real estate lending more than offset gains in the bank's consumer portfolio.
Synchrony profits surge 25% on higher credit card balances
The company, which partners with retailers on store credit cards, saw spending volumes slip during the third quarter. But cardholders' outstanding balances rose, driving more interest revenues.