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PNC to reduce costs by $400M in 2023

Bank’s revenue grew 19% YoY to $5.6B in Q1

Whitney McDonaldbyWhitney McDonald
April 14, 2023
in All Posts
Reading Time: 2 mins read
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PNC continued its improvement plan in the first quarter of 2023 as efforts to reduce costs by $400 million this year stay on target. “This program funds a significant portion of our ongoing business and technology investment,” PNC Chief Financial Officer Rob Reilly said today during the $557 billion bank’s earnings call. BY THE NUMBERS: […]

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JPMorgan Chase & Co. headquarters in New York, US, on Wednesday, Jan. 18, 2023. JPMorgan Chase & Co., the biggest US bank, said this year's net interest income will be lower than analysts expected as the economy shows signs of slippage. Photographer: Gabby Jones/Bloomberg

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