Bank of America Corp (BAC), PNC Financial Services Group Inc (PNC): What Every Bank Wants Investors to Know

“Assuming no significant changes in interest rates,” PNC Financial Services Group Inc (NYSE:PNC)’s Demchak noted, “we expect core net interest income — that is, net interest income other than purchase accounting accretion — will be difficult to grow.”

The net result is that, while analysts and commentators have chastised the complexity of banks over the last few years, and lenders like Bank of America Corp (NYSE:BAC) have even taken considerable strides to simplify their operations, the obsession with fee-based revenue diversification demonstrates that, for better or for worse, we are far from returning to a world of slimmed-down, traditional banking.

The article What Every Bank Wants Investors to Know originally appeared on Fool.com is written by John Maxfield.

John Maxfield owns shares of Bank of America. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Fifth Third Bancorp, KeyCorp, PNC Financial Services, and Wells Fargo.

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