PNC · 10-Q · 2026Q3 · Full report

Capital Markets Demand Trends

PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-03 · Importance 26 · Surprise 24

PNC reported broad-based growth across capital markets and advisory products and services during the first nine months of 2026. Increased merger-and-acquisition advisory activity contributed to higher fees, alongside growth across other products and services. The business includes M&A and equity-capital-markets advisory, asset-backed financing, loan syndication, securities underwriting, and customer-related trading for clients across business segments.

Key facts

• PNC Corporate & Institutional Banking’s nine-month 2026 noninterest income increased primarily due to broad-based capital markets and advisory growth and higher treasury management product revenue. source
• PNC’s capital markets and advisory fees increased due to increased merger and acquisition advisory activity and broad-based growth across other products and services. source