How did PNC Financial turn a profit with its mortgage business dropping?

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PNC Financial Services Group in Pittsburgh reported lower fourth-quarter profits on a decline in fees related to residential mortgages and deposit accounts. Net income at the $359 billion-asset company fell 2.3% to $965 million, compared with a year earlier. Earnings per share rose 1.6% to $1.87.

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But, the real question is: what role did he play in the mess. expanded into the subprime mortgage business and bought a hedge fund and Japanese brokerage, among other assets. A year later, as the.

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Updated key statistics for PNC Financial Services Group Inc. – including pnc margins, P/E ratio, valuation, profitability, company description, and other stock analysis data.

It can consider a big mortgage institution in the United States. Back in 2008, National City was bought over by PNC Financial and National City Mortgage was then renamed to PNC Mortgage. This kind of buy-off made PNC turn into the top 10 mortgage institutions and loan providers in the United States.

PNC Financial Services Group (PNC) is one of the largest diversified financial service companies in the United States with over $270 billion in assets. PNC has seven different lines of businesses, it provides retail banking, corporate and institutional, and asset management services to clients at its branch locations located

Consumption falls as consumers break free of mortgage debt  · The second major category of mortgage frauds targets consumers. Foremost among these are foreclosure rescue and mortgage debt relief scams. These scams seek to take advantage of homeowners who are falling behind on their mortgages or property taxes and are afraid of.