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PNC

Pnc Financial Services Group,The

5/25/2013, 7:12 PM ET

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Tuesday, April 21, 2009, 9:00 AM Premarket gainers: ELX +43%. THC +23%. COH +8%. HOGS +7%. GM +5%. UNH +4%.
Losers: ZION -24%. HBAN -23%. FITB -16%. NTRS -14%. KEY -12%. BJS -12%. RF -12%. MGM -11%. ETFC -11%. IFX -11%. BAC -10%. BRCM -9%. BK -9%. C -8%. DT -8%. STT -8%. LVS -7%. DOW -6%. APOL -6%. STI -6%. COF -5%. PUK -5%. HIG -5%. CAT -5%. PNC -5%. Comment!
Monday, April 6, 2009, 9:45 AM Reputed bank analyst Mike Mayo hits banks with an Underweight rating, saying he sees loan losses exceeding levels seen during the Great Depression. "New government actions might not help as much as expected, especially given that loans have been marked down to only $0.98 on the dollar," he says. Banks are down across the board. PNC -7%. STI -7%. WFC -5%. C -5%. BAC -4%. MS -4%. USB -4%. GS -4%. JPM -3%. 1 Comment
Monday, March 2, 2009, 8:05 AM PNC Financial (PNC) chops dividend to $0.10 from $0.66, retaining $1B/year. Says Q1 to-date is in-line with Street, that integration of National City is "well underway and on track," and that it's "increasingly confident of the long-term benefits of the acquisition." Shares -1.2% premarket. (PR) Comment!
Tuesday, February 3, 2009, 7:40 AM PNC Financial Services (PNC): Q4 EPS of $0.32 misses by $0.43. Revenue of $1.7B (+3.0%) vs. $1.9B. Shares -5.2% premarket. (PR) Comment!
Tuesday, February 3, 2009, 12:05 AM Notable earnings before Tuesday's open: ADM, ADP, AVP, BP, CAM, CE, CME, CMI, COCO, COL, DHI, DOW, EMR, ETR, HNT, IACI, KSU, LPX, MDU, MOT, MRK, MRO, MYGN, NNN, NOC, PEG, PNC, PRGO, SGP, TYC, UPS, WEC Comment!
Wednesday, January 28, 2009, 9:00 AM Premarket gainers: LYG +42%. RBS +29%. VPRT +27%. AIB +24%. C +23%. BCS +22%. FAS +21%. WFC +20%. BAC +19%. DB +18%. FITB +16%. STI +17%. STT +14%. AFL +13%. CIT +13%. PNC +12%. HBC +12%. HBAN +12%. ACAS +12%. RF +11%. STD +11%. SAY +11%. AEG +10%. HIG +10%. MBI +10%. MS +10%. ... A few banks there. Comment!
Wednesday, January 21, 2009, 9:33 AM PNC Financial (PNC) expects to report a loss for Q4 due to National City integration costs, net of which it expects "a meaningful profit" but below the company's expectations, primarily due to provision for credit losses of $450-$500M. Also expects to report a significantly strengthened capital position. Shares +12%. (PR) Comment!
Wednesday, January 21, 2009, 9:00 AM Premarket gainers: ERIC +15%. WGOV +14%. NTRS +12%. UBS +10.5%. C +11%. STT +11%. CS +10%. DRYS +9.5%. BK +9%. DB +8%. EXM +9%. ALU +9%. MT +7%. PNC +7%. HBCK +7%. RCL +6%. BAC +6%. GM +6%. GNW +5%. HIG +6%. JEF +6%. SPW +5%. AMD +5%. IBM +5%. Comment!
Tuesday, January 20, 2009, 7:23 AM The Treasury tightens its TARP oversight, demanding monthly reports detailing loans from the 20 banks that received the most federal aid. The 20 banks: C, BAC, JPM, WFC, GS, MS, PNC, USB, STI, COF, RF, FITB, BBT, BK, KEY, CIT, CMA, STT, MI, NTRS. Comment!
Monday, January 12, 2009, 10:17 AM Stocks moving on Barron's recommendations: PNC +1.4%. ETR +0.7%. 1 Comment
Sunday, January 11, 2009, 3:33 AM The banking sector has been hit hard over the last year, but a few stand-out stocks deserve a second look, writes Barron's. Patient investors should check out Northern Trust (NTRS), State Street (STT), JPMorgan (JPM) and PNC Financial (PNC). Comment!
Thursday, January 8, 2009, 10:02 AM S&P lowers its credit rating for PNC Financial (PNC) on concerns about the size of its $5.6B acquisition of National City Corp. The long-term counterparty credit rating on PNC was cut one notch to A, the banking units were cut one notch to A+. Comment!
Thursday, December 11, 2008, 4:11 PM DoJ orders PNC Financial Services (PNC -11.5%) to sell 61 branches of National City Corp. as a condition for its acquisition. Comment!
Wednesday, November 12, 2008, 1:02 PM The new order of the U.S. financial landscape has presented U.S. Bancorp (USB) with new and/or improved competitors (PNC, JPM, WFC). Will the firm, which has avoided big mergers, look to make a big 'opportunistic' deal - even while insisting it doesn't need to do one? (WSJ) Comment!
Thursday, October 30, 2008, 9:31 AM Thanks to a recent tax ruling, PNC Financial Services (PNC) will save several billion dollars in taxes from its purchase of National City Corp. The ruling, which allows quick use of 'tax losses' on acquired banks, is jacking up the bailout's price tag. Comment!
Monday, October 27, 2008, 8:10 AM KeyCorp (KEY) and Capital One (COF) confirm their participation in TARP. KEY will sell the Treasury $2.5B in preferred shares, and COF will sell $3.55B. On Friday PNC Financial (PNC) disclosed a $7.7B sale. Comment!