At the Bank of America Financial Services Conference, PNC Financial Services Group (PNC) lowered its first-quarter 2024 net interest income (NII) guidance on dismal loan growth. The company expects NII to sequentially dip 3-5% compared with its previous guidance of a decline of 2-3%. The bank has softened its guidance for NII due to lower-than-expected average loan growth and a slower increase in utilization rates than a typical first quarter. PNC had projected average loan growth to be flat in the quarter. ...