(Bloomberg) -- PNC Financial Services Group Inc., the second-largest U.S. regional bank, said second-quarter profit more than doubled, beating analysts estimates, as fee revenue surged and the firm set aside less for bad loans.
Net income climbed to $1.12 billion, or $1.99 a share, from $546 million, or 98 cents, a year earlier, the Pittsburgh-based bank said today in a statement. The average estimate of 31 analysts surveyed by Bloomberg was for earnings $1.63 a share.
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