PNC Financial (PNC +1.1%) and Royal Bank of Canada (RY +1.7%) move higher after PNC files an 8-K...

|About: PNC Financial Services Grou... (PNC)|By:, SA News Editor

PNC Financial (PNC +1.1%) and Royal Bank of Canada (RY +1.7%) move higher after PNC files an 8-K stating the Fed won't require it to issue stock in order to go through with its $3.6B acquisition of RBC's U.S. retail bank business. PNC expects the deal to close in Q1 2012.