PNC Financial Services Group, Inc.
 (PNC)

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  • Jan. 9, 2013, 8:56 AM
    PNC Financial expects Q4 EPS to be cut by $0.47 thanks to recent developments regarding mortgages. The company is taking a $70M charge due to this week's foreclosure-abuse settlement. Extrapolating recent developments from GSE repurchase requests, PNC provisions an additional $254M. Shares -1.3% premarket.
    | Jan. 9, 2013, 8:56 AM
  • Jan. 8, 2013, 2:39 PM
    Fifth Third's (FITB) website was shut down today for the 2nd time in 5 days (it's back up now). Last Thursday, both Fifth Third's and PNC Bank's websites were shut down after being victims of so-called "denial of service" cyber-attacks.
    | Jan. 8, 2013, 2:39 PM
  • Jan. 7, 2013, 11:14 AM

    Ten banks agree to pay more than $8.5B to settle foreclosure abuses, with $3.3B going to those who have already been foreclosed upon and $5.2B going to homeowners in danger of losing their homes. Compensation will range from hundreds of dollars up to $125K. Those involved include: BAC, C, JPM, MET, WFC, STI, PNC, USB.

    | Jan. 7, 2013, 11:14 AM | 6 Comments
  • Jan. 3, 2013, 10:58 AM
    PNC Financial Services (PNC) declares $0.40/share quarterly dividend, in line with previous. Forward yield 2.70%. For shareholders of record Jan. 15. Payable Feb. 05. Ex-div date Jan. 11. (PR)
    | Jan. 3, 2013, 10:58 AM
  • Dec. 22, 2012, 11:15 AM
    PNC Financial gets a little more love (previous), this time from Jacqueline Doherty, who says the bank's woeful performance relative to other regionals has it undervalued. PNC has been a buyer, not seller of assets in recent years, and the hit to regulatory capital hasn't pleased investors, but now those purchases are set to pay off in the way of boosted earnings.
    | Dec. 22, 2012, 11:15 AM | 4 Comments
  • Dec. 18, 2012, 2:53 PM
    PNC Financial, TD Bank, BB&T (BBT) and BankUnited (BKU) are among the potential bidders as Spain's troubled Bankia looks to raise cash by putting its Florida unit - City National Bank of Florida - up for sale. With 26 branches, $4.3B in assets, and a loan book doing quite well for Florida, the business could fetch in the area of $500M.
    | Dec. 18, 2012, 2:53 PM
  • Dec. 17, 2012, 1:10 PM
    Leading the market higher are the financials - WFC +3.3%, BAC +3%, PNC +3.3%, to name a few. At a 52-week high of $10.90, Bank of America is poised to take out $11 for the first time in 18 months. Up 1.7% today, the XLF +25.3% YTD.
    | Dec. 17, 2012, 1:10 PM | 2 Comments
  • Dec. 7, 2012, 7:31 AM
    PNC Financial is initiated a Buy with $62 price target at SunTrust. Definitely not trend-followers, SunTrust makes the call after PNC has severely lagged the rest of the banking sector this year.
    | Dec. 7, 2012, 7:31 AM | 1 Comment
  • Nov. 15, 2012, 4:45 PM

    More on Fed stress tests: The previously discussed conditions are what's known as the "Severely Adverse Scenario." There's also the "Adverse Scenario" and the "Baseline." The 19 largest banks under review are far better capitalized than 3 years ago, carrying nearly double the buffer (on roughly the same asset base). It looks like more returns of capital are coming.

    | Nov. 15, 2012, 4:45 PM | 5 Comments
  • Oct. 22, 2012, 3:58 PM

    S&P more than doubles to $10B the amount of annual profit it estimates banks stand to lose as a result of the Volcker rule. "Stricter rules could lead us to take negative rating actions on certain banks." In addition to the usual 6 TBTF names, PNC and USB were included in the analysis. The combined profits of all 8 lenders will sum to less than $100B this year.

    | Oct. 22, 2012, 3:58 PM | 3 Comments
  • Oct. 16, 2012, 10:04 AM
    PNC Financial dives 4.3% following this morning's headline beat on earnings. The bank reported total loan growth of 1% Q/Q, with net interest margin declining 26 basis points to 3.82%. Mortgage banking is a bright spot, contributing $36M to the bottom line after accounting for a $213M loss in Q2. Loan loss reserve release adds $28M to profits. (PR)
    | Oct. 16, 2012, 10:04 AM
  • Oct. 16, 2012, 6:37 AM
    PNC Financial Services (PNC): Q3 EPS of $1.64 beats by $0.04. Revenue of $4.09B beats by $70M. (PR)
    | Oct. 16, 2012, 6:37 AM
  • Oct. 16, 2012, 12:05 AM
    Notable earnings before Tuesday’s open: DPZ, FRX, GS, GWW, IRWD, JNJ, KO, MAT, OMC, PNC, STT, UNH
    | Oct. 16, 2012, 12:05 AM
  • Oct. 15, 2012, 5:30 PM
    Notable earnings before Tuesday’s open: DPZ, FRX, GS, GWW, IRWD, JNJ, KO, MAT, OMC, PNC, STT, UNH
    | Oct. 15, 2012, 5:30 PM
  • Oct. 4, 2012, 10:33 AM
    PNC Financial Services (PNC) declares $0.40/share quarterly dividend, in line with previous. Forward yield 2.47%. For shareholders of record Oct 16. Payable Nov 05. Ex-div date Oct 12. (PR)
    | Oct. 4, 2012, 10:33 AM
  • Sep. 26, 2012, 2:16 PM

    U.S. Bancorp (USB) and PNC are the latest bank websites to confront customer access issues, and Wells Fargo (WFC) is experiencing continued problems, in an apparently coordinated attack that may be coming from the Middle East. Iranian hackers are believed responsible for attacks on other big banks during the past year as part of a broad cyber campaign against the U.S.

    | Sep. 26, 2012, 2:16 PM | 1 Comment
Company Description
PNC Financial Services Group Inc is a financial services company. It operates in six segments: Retail Banking; Corporate & Institutional Banking; Asset Management Group; Residential Mortgage Banking; BlackRock; and Non-Strategic Assets Portfolio.
Sector: Financial
Country: United States