Fee income

U.S. Bank keeps focus on organic growth after strong quarter

Bottom line: A double-digit spike in fee revenue at U.S. Bancorp pushed third-quarter net income to $2.0 billion. Expert quote: “We’re feeling very good about the momentum organically over time, and certainly see very real opportunity and quite a lot of runway,” said CEO Gunjan Kedia. Key insight: Return on tangible common equity totaled 18.6% […]

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PNC sticks to guidance, but said Fed cuts may move timeline

Key insight: PNC CEO Bill Demchak said the bank’s net interest income trajectory was still on track to hit guidance for 2025 and 2026. What’s at stake: The banking industry has seen tepid loan growth and deposit pricing pressure in recent years, but has started to turn a corner amid more borrower certainty and interest

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