Seeking Alpha

PNC Financial Services Group, Inc. (PNC)

  • Oct. 19, 2011, 7:21 AM
    PNC Financial Services (PNC): Q3 EPS of $1.55 beats by $0.05. Revenue of $3.54B (-1.5% Y/Y) misses by $30M. (PR)
    | Comment!
  • Oct. 19, 2011, 12:05 AM
    Notable earnings before Wednesday's open: ABT, APH, APOL, BK, BLK, BPOP, CMA, DRH, FCX, KCG, MS, MTB, NTRS, NYB, PNC, ROC, SEIC, ST, STJ, SVU, TIN, TRV, TXT, USB, UTX
    | Comment!
  • Oct. 11, 2011, 10:22 AM
    With volatility likely to continue, Goldman Sachs tells clients to favor portfolios that lean towards financials that can play offense as well as carry some defensive characteristics - firms showing solid relative returns, lending growth and returning capital while also controlling expenses. The best positioned in those terms, Goldman says: WFC -1.4%, JPM -1.9%, PNC -1.8%.
    | Comment!
  • Sep. 23, 2011, 12:25 PM
    Dividend talk gains steam: Stifel says it found a good income play in PNC Financial (PNC +0.8%). "PNC has the best combination of attractive dividend yield, low payout ratio and high profitability for those investors that are willing to wade back into the banks amid all the macro uncertainty."
    | Comment!
  • Sep. 14, 2011, 12:27 PM
    Bank of America's (BAC) difficulties could mean gains for smaller players like PNC, U.S. Bancorp (USB), and Toronto-Dominion (TD). These lenders can pick up market share as well as assets on the cheap that BofA is unloading. "Whoever is most aggressive ... will benefit," says Chris Thornberg.
  • Sep. 12, 2011, 5:57 PM
    PNC Financial (PNC +3.9%) CEO James Rohr outlines cuts of ~$550M, or 6% of expenses, and takes a bit of a jab at "Project New BAC": “We called [our plan] continuous improvement." He sees an improved banking sector: "This is not 2008. U.S. banks have more than doubled their capital reserves, liquidity has improved and profitability has returned across the industry."
  • Aug. 25, 2011, 9:57 AM
    Bank stocks are surging following news of Berkshire's (BRK.A, BRK.B) investment in Bank of America (BAC +17.2%). MS +7.2%. WFC +4.4%. GS +3.3%. C +6.6%. JPM +3.9%. PNC +2.8%.
    | 1 Comment
  • Jul. 20, 2011, 7:01 AM
    More on PNC's (PNC) earnings: Credit loss provisions declined to $280M from $421M in Q1. Nonperforming assets declined 9% to $4.5B. Tier 1 common ratio of 10.5%, up from 10.3%. (PR)
    | Comment!
  • Jul. 20, 2011, 6:58 AM
    PNC Finl Svcs (PNC): Q2 EPS of $1.67 beats by $0.20. Revenue of $3.6B (-7.9% Y/Y). (PR)
    | Comment!
  • Jul. 20, 2011, 12:05 AM
    Notable earnings before Wednesday's open: ABT, APH, BLK, BPOP, DGX, EMC, HBI, HCBK, HST, JCI, KCG, MO, MTB, NTRS, PNC, STJ, TEL, TXT, USB, UTX
    | Comment!
  • Jul. 5, 2011, 11:28 AM
    Regional banks (RKH -1.9%) are the morning's worst-performing stock sector after Citigroup cuts price targets on the lenders, citing earnings pressure from continued low interest rates. CMA -3.4%, FHN -3.2%, RF -3%, KEY -2.7%, FITB -1.9%, PNC -1.9%, MTB -1.8%, HBAN -1.8%.
    | Comment!
  • Jul. 5, 2011, 9:52 AM
    With many bank stocks trading near historic lows and expecting a round of rough Q2 earnings reports, FBR Capital sees an upcoming opportunity to buy banks for the long term. FBR likes PNC Financial (PNC), JPMorgan Chase (JPM) and U.S. Bancorp (USB), but is less enthused about regional banks aside from Sterling Financial (STSA) and Zions (ZION).
    | Comment!
  • Jun. 20, 2011, 7:34 AM
    Confirming Friday's leak, PNC is buying Royal Bank of Canada's (RY) U.S. retail banking arm for $3.62B.
    | Comment!
  • Jun. 17, 2011, 10:04 AM
    Bloomberg reports PNC Bank (PNC -1.9%) is close to beating out BB&T (BBT -1.1%) for a deal to buy Royal Bank of Canada's (RY +1.7%) U.S. retail operations. No terms announced, but it's been estimated the unit could fetch $3.7B.
    | Comment!
  • Jun. 1, 2011, 2:15 PM
    The weak ADP jobs report has stung financial shares (KBE -3.3%) all session long, as it becomes tough to imagine how banks will get rid of all those foreclosed homes without more robust job growth. The heavyweights: WFC -4.2%, BAC -3.6%, USB -3.1%, JPM -3%, PNC -2.6%. Among regional banks: RF -6.5%, STI -5.3%, BBT -5.2%, FITB -4.5%, HBAN -3.3%.
  • May. 10, 2011, 3:33 PM
    Nomura unveils its inaugural list of 10 "conviction buy" U.S. stocks it’s most confident will outperform the broader market during the next 12 months: CVC, DOV, GS, LTD, MAR, MXIM, NWSA, PETM, PNC, VIA.
    | Comment!
Visit Seeking Alpha's
PNC vs. ETF Alternatives
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