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PNC Financial Services Group, Inc. (PNC)

- NYSE
  • Mar. 6, 2013, 2:27 PM
    Take a number if you have interest in Bankia's City National Bank of Florida. Among those expected to put in a bid are TD, BBT, PNC as well as two healthier Spanish lenders. Goldman is leading the sale and is asking $900M-$1B, while sources say $600M-$800M will get it done. "It is a nice little property ... but it is not a must-have," says one source, playing it cool.
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  • 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.
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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.
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  • 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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  • Nov. 29, 2011, 2:36 PM
    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.
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  • 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.
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  • Apr. 28, 2011, 12:16 PM
    BB&T (BBT) and PNC Financial Services (PNC) are reportedly key contenders for the U.S. consumer banking unit that Royal Bank of Canada (RY) put up for sale this year. RBC would like a stock deal for the division, which has lost billions since 2007; it would be a good fit for two suitors that each want to grow in the U.S. Southeast. (previously)
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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