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PNC Financial Services Group, Inc. (PNC)

- NYSE
  • Jun. 8, 2012, 7:37 AM
    The Citi downgrade of the regional banking sector included cuts of these individual banks: Wells Fargo (WFC), SunTrust (STI), KeyCorp (KEY), First Horizon (FHN), ZION, SVB Financial (SIVB), M&T (MTB), PNC, and First Niagara (FNFG).
    | 1 Comment
  • May. 31, 2012, 3:13 PM
    Continuing with the regional bank theme, Sterne Agee remains short the large broker/dealers and long quality regionals, even while sounding a note of caution about valuations. Favorite names: PNC and WFC. Momentum plays (those trading at premium multiples): BB&T(BBT) and PacWest (PACW). Ones to avoid: Zions (ZION) and First Horizon (FHN).
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  • May. 25, 2012, 7:00 PM
    Want to buy banks? Look at some of the regionals, says Dick Bove. The big universals are dealing with a multitude of issues that impede their competitiveness, while community banks are being weighed down by regulations that are driving them out of the business. Firms in the middle tier however, are growing their key commercial and industrial lending portfolios while their competitors have had to pull back. His picks: US Bancorp (USB), PNC Financial (PNC) and Capital One (COF).
    | 7 Comments
  • Apr. 18, 2012, 6:33 AM
    PNC Financial Services (PNC): Q1 EPS of $1.44 may not be comparable to consensus of $1.43. Revenue of $3.73B (+2.8% Y/Y) beats by $150M. (PR)
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  • Apr. 18, 2012, 12:05 AM
    Notable earnings before Wednesday's open: ABT, AMLN, ASML, BK, HAL, HBAN, NYB, PNC, STJ, TXT
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  • Apr. 17, 2012, 5:30 PM
    Notable earnings before Wednesday's open: ABT, AMLN, ASML, BK, HAL, HBAN, NYB, PNC, STJ, TXT
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  • Apr. 5, 2012, 11:13 AM
    PNC Financial Services (PNC +0.2%) increases its quarterly dividend by 14% to $0.40 a share and announces that it plans to buy back $250M worth of its stock under an existing share repurchase program. Shares now trade with a 2.50% yield.
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  • Mar. 19, 2012, 2:08 PM
    The Fed plans to fine eight more banks - including HBC, STI, MET, USB, PNC, and GS, which sold its Litton Loan Servicing unit last fall to Ocwen Financial - that have been subject to scrutiny amid allegations of improper foreclosure practices, adding to the list of the five largest U.S. mortgage servicing firms penalized last month.
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  • Feb. 2, 2012, 2:12 PM
    Barclays (BCS +0.9%) is considering buying Toronto Dominion (TD -0.3%), RBC (RY -1.2%) or PNC Financial (PNC +0.3%) according to Fox Business News.
    | 2 Comments
  • Jan. 18, 2012, 3:37 PM
    HUD Secretary Donovan says a settlement is "very close" in the bank foreclosure practices investigation. Administration officials have floated the idea of deal in the past to no avail, but earnings reports today by PNC and USB revealed charges that could be tied to a settlement.
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  • Jan. 18, 2012, 2:47 PM
    PNC Financial Services (PNC -2.8%) trails the market after its Q4 EPS missed estimates earlier today. Profit slid 42% Y/Y as the lender continues to struggle with a decline in revenue and steep charges. One positive takeaway however, is that credit costs continue to fall. Loan loss provisions totaled $190M for the quarter, down significantly from $442M the year prior.
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  • Jan. 18, 2012, 7:17 AM
    PNC Financial Services (PNC): Q4 EPS of $1.39 misses by $0.02. Revenue of $3.55B (-9.1% Y/Y) beats by $10M. (PR)
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  • Jan. 18, 2012, 12:05 AM
    Notable earnings before Wednesday's open: APH, ASML, BK, FAST, GS, NTRS, PNC, SCHW, STT, USB
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  • Jan. 12, 2012, 12:43 PM
    Visa (V), MasterCard (MA) and 13 large banks, including BofA (BAC), Citigroup (C) and JPMorgan (JPM), face billions of dollars of liabilities in a lawsuit from 5M retailers that accuse the defendants of illegally colluding to overcharge for credit card transactions.
    | 6 Comments
  • Jan. 10, 2012, 3:53 AM
    The Justice Department is reportedly reaching out to various banks to gauge their interest in joining a wide-ranging mortgage settlement in the works with five major mortgage servicers. The banks probably includes HSBC (HBC), PNC (PNC), MetLife (MET), SunTrust (STI) and U.S. Bancorp (USB).
    | 5 Comments
  • Dec. 23, 2011, 12:21 PM
    The Federal Reserve approves PNC's $3.45B acquisition of the U.S. retail banking subsidiary of Royal Bank of Canda (RY). RBC is selling about $27B in assets in 424 branches across the southeast portion of the country.
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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