July 15, 2020 / 11:10 AM / a month ago

PNC Financial profit more than doubles on BlackRock stake sale gain

July 15 (Reuters) - PNC Financial Services Group Inc's second-quarter profit more than doubled as the U.S. regional bank recorded a gain from the sale of its position in asset manager BlackRock Inc.

Net income attributable to common shareholders jumped to $3.59 billion, or $8.40 per share, in the three months ended June 30, from $1.31 billion, or $2.88 per share, a year earlier, the bank said on Wednesday. (reut.rs/3jcwi91) (Reporting by Bharath Manjesh in Bengaluru; Editing by Sriraj Kalluvila)

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