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PNC » Topics » Selected Consolidated Income Statement Information and Trading Revenue (Unaudited) SELECTED CONSOLIDATED INCOME STATEMENT INFORMATION

This excerpt taken from the PNC 8-K filed Oct 16, 2008.

Selected Consolidated Income Statement Information and Trading Revenue (Unaudited)

SELECTED CONSOLIDATED INCOME STATEMENT INFORMATION

 

     Nine months ended    Three months ended  

In millions

    September 30
2008		     September 30
2007		    September 30
2008		     June 30
2008		     September 30
2007		  

OTHER NONINTEREST INCOME

            

BlackRock LTIP shares adjustment

    $ 69     $ 1    $ (51 )   $ 80     $ (50 )

Commercial mortgage loans held for sale intended for securitization valuations, net of hedges

      (238 )        (82 )     21    

Gain on sale of Hilliard Lyons (a)

      114           

Visa redemption gain

      95           

Reversal of legal contingency reserve established in connection with an acquisition due to a settlement

      61          61      

Trading income (losses) (b)

      (77 )     114      (54 )     53       33  

Equity management gains (losses)

      (8 )     81      (24 )     (7 )     47  

PROVISION FOR CREDIT LOSSES

            

Integration costs

      23            23    

NONINTEREST EXPENSE

            

Integration costs

      41       67      14       13       41  

Visa indemnification liability

      (43 )         

 

(a) The impact of the gain was $23 million after taxes.
(b) For the nine months ended and three months ended September 30, 2008, Corporate & Institutional Banking generated trading income which was more than offset by trading losses in “Other, including BlackRock.”
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