Bank earnings rise despite revenue shortfalls and margin pressure

In this brief

• PNC earns $2.1 billion and returns $1.4 billion, but charge-offs rise
• Citizens raises capital returns and forecasts further income growth
• U.S. Bancorp raises revenue guidance despite a third-quarter revenue miss
• Wells Fargo expands loans and deposits but retains its annual income outlook
• BNY grows revenue and returns $1.4 billion to shareholders
• Truist reports securities-sale losses and agrees to sell LightStream assets
• ICICI Bank grows profit but expects further near-term margin moderation
• New York regulator fines SEB $33 million over anti-money-laundering deficiencies