PITTSBURGH, Oct. 14, 2020 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:

For the quarter

In millions, except per share data

3Q20

2Q20



3Q19

Net income (loss) from continuing operations

$1,532

($744)

$1,181



Net income from discontinued operations

$4,399

$211

Net income



$1,532

$3,655

$1,392

Diluted earnings (loss) per common share from continuing operations

$3.39



($1.90)

$2.47

Diluted earnings per common share from discontinued operations

$10.28



$.47

Diluted earnings per common share

$3.39

$8.40

$2.94



 

     “PNC delivered solid third quarter results against the backdrop of a continuing uncertain economy. Noninterest income increased, expenses were well managed and we continued to generate positive operating leverage. Deposits grew while loans declined as a result of lower commercial loan utilization rates, despite

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Oct. 13 (UPI) — Delta Air Lines announced Tuesday a net loss of $5.38 billion in the third quarter, or a $6.9 billion pre-tax loss, and said improvements in customer traffic could signal a slow turnaround for the carrier.

The company’s loss compared with a $1.5 billion profit during the same period a year ago. Revenue for the quarter was $3.06 billion, down 75.6% from the same period a year ago, the company reported.

Delta reported that $4 billion of its losses were directly due to COVID-19 and the company’s response, including fleet-related restructuring charges and charges for voluntary separation and early retirement programs for Delta employees.

“While our September quarter results demonstrate the magnitude of the pandemic on our business, we have been encouraged as more customers travel and we are seeing a path of progressive improvement in our revenues, financial results and daily cash burn,” Delta Chief Executive

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President TrumpDonald John TrumpTwo ethics groups call on House to begin impeachment inquiry against Barr Trump relishes return to large rallies following COVID-19 diagnosis McGrath: McConnell ‘can’t get it done’ on COVID-19 relief MORE dismissed reports that his campaign is “running low on money” early Tuesday morning, vowing to spend personal funds on his reelection bid if necessary.

“I keep reading Fake News stories that my campaign is running low on money. Not true, & if it were so, I would put up money myself. The fact is that we have much more money than we had 4 years ago, where we spent much less money than Crooked Hillary, and still easily won,” Trump tweeted, referring to former Democratic presidential nominee Hillary ClintonHillary Diane Rodham ClintonWhen do problems with mail-in ballots become a problem for the media? Trump campaign official blames Biden lead on ‘skewed’ polls Trump’s Hail

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EARNINGS OUTLOOK



a group of people on a sidewalk: Earnings season is expected to show the ‘haves’ versus the ‘have-nots’ created by the pandemic


© Getty Images
Earnings season is expected to show the ‘haves’ versus the ‘have-nots’ created by the pandemic

The U.S. third-quarter corporate earnings reporting season will kick off next week and the numbers will reflect a second quarter dominated by the coronavirus pandemic that has created an uneven playing field in which some companies thrive, while others shrink and fade.

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While stock indexes have set records and big technology and online retailers have outperformed, many other industries and individual companies are grappling with deteriorating sales and earnings as economic growth has slumped across the globe.

“A lot of company risk is not being captured by equity indices,” said James Gellert, chief executive of Rapid Ratings, a data and analytics company that assesses the financial health of private and public companies. “The equity market is showing a lot of optimism, but below the surface, there’s an ocean

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  • President Donald Trump said he “could be one of the diers” in an October 3 phone call after he was hospitalized following his COVID-19 diagnosis, according to New York Magazine’s Intelligencer.
  • On Friday, Intelligencer published details from the phone call, showing a perspective of the president that comes in stark contrast with his largely optimistic tone since contracting the disease.
  • In the call last Saturday, the president said he was feeling good but admitted that he still had some uncertainty in his wellbeing with the coronavirus, according to the Intelligencer article.
  • “This thing could go either way,” Trump said, citing Intelligencer’s article. “It’s tricky. They told me it’s tricky. You can tell it can go either way.”
  • Visit Business Insider’s homepage for more stories.

President Donald Trump recognized his own mortality following his COVID-19 diagnosis in a phone call last week, according to details published on Friday by New York

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TCS has delivered a broad-based performance, signalling a fast-track recovery in its growth as clients increasingly rely on technology to overcome economic stress created by the ongoing pandemic. India’s largest software exporter posted a net profit of ₹7,504 crore for the September-ended quarter, a 6.45 per cent growth compared to the ₹7,049 crore posted in the June-ended quarter.

However, on a year-on-year basis, profits dipped 6.8 per cent compared to ₹8,058 crore in the corresponding period last year.

“We are not out of the woods as yet due to the economy and Covid-19, but the underlying demand recovery seen in our clients can be sustained,” said Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS.

 

Revenues on a sequential basis came in at ₹40,135 crore, a 4.7 per cent growth over the ₹38,322 crore posted in the June-ended quarter. Year-on-year, revenues grew almost 3 per cent on revenues of ₹38,977

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BANGALORE, India, Oct. 6, 2020 /PRNewswire/ — According to the Latest Market Research Report “Online Dating Market on the Basis of Services (General Online Dating Services, Merging Online Dating Services, Niche Online Dating Services, Relationship Services, and Social/Event Networking Sites), Basis of Age Group (18 to 24 Years, 25 to 34 Years, 35 to 44 Years, 45 to 54 Years, and 55 to 64 Years) Basis of Product (Apps and Website) Basis of Subscription (Non-Paid Online Dating Services and Paid Online Dating Services) and Based on Region – Global Forecast to 2025“, published on Valuates Reports

The Global Online Dating Market Size is expected to grow from USD 2.230 Billion in 2019 to USD 3.592 Billion by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.26%.

In 2020, revenue growth for the dating services industry is likely to see substantial increases,

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  • White House physician Dr. Sean Conley said that President Donald Trump reported “no symptoms” of COVID-19 on Tuesday.
  • The statement comes less than 24 hours after Trump returned to the White House after being hospitalized at Walter Reed National Military Medical Center for three days.
  • Conley has been criticized for providing misleading information about Trump’s health since the president tested positive early Friday. 
  • Trump has resumed downplaying the coronavirus, claiming that he could be “immune” and urging Americans to not let the pandemic “dominate” their lives. 
  • Visit Business Insider’s homepage for more stories.

White House physician Dr. Sean Conley announced on Tuesday that President Donald Trump claims to have “no symptoms” of coronavirus, less than a day after the president was released from a three-day stay at the hospital.

“This morning the President’s team of physicians met with him in the Residence,” Conley wrote in a brief memo. “He had

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Indian Energy Exchange (IEX) reported a 45 per cent increase in power trade volume during September 2020 compared to the same month last year. But despite the higher volumes, the average market clearing price in the month under review was 3 per cent lower because of robust sell-side liquidity, a company statement said.

According to IEX, the average market clearing price at ₹2.69 per unit saw a decline of 3 per cent on a year-on-year basis over ₹2.77 per unit in September 2019. This would be helping both the distribution utilities and industries to accrue significant financial savings.

“The day-ahead market cleared volume of 4,781 Million Units (MU) during the month. The market continued to witness high sell-side liquidity with the total sell bids at 9,669 MU being more than twice of the cleared volume,” IEX said.

 

“Attractive prices and ample availability supported the southern, western and northern state distribution

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SINGAPORE – Oil prices rose about 2% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm.

Trump’s health update eased political uncertainty in global markets, pushing Brent up to $39.96 a barrel by 0232 GMT, gaining 69 cents or 1.8%. U.S. West Texas Intermediate (WTI) crude was at $37.81 a barrel, up 76 cents, or 2.1%.

Prices had slumped more than 4% on Friday amid uncertainty surrounding Trump’s health, adding to concern that rising coronavirus case numbers that could dampen global economic recovery.

AMERICAN OIL REFINERIES RACE TO PRODUCE RENEWABLE DIESEL AHEAD OF CANADIAN COMPETITION: REPORT

But analysts said Monday’s rebound was driven by an easing of the worst fears

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