PNC Financial sees billion-dollar boost to its bottom line from tax overhaul

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PNC Financial Services Group Inc. reported Friday earnings of almost $2.1 billion in the fourth quarter, bringing its yearly earnings to about $5.4 billion for 2017. PNC also reported earnings per share of $4.18 in the quarter, and an annual EPS of $10.36. The bank reports its net income largely benefited from the GOP-led tax reform, which President Donald Trump signed into law in late December. PNC added another $1.13 billion to its income in light of the legislation. PNC CEO William Demchak…
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PNC Financial sees billion-dollar boost to its bottom line from tax overhaul

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