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PNC gets Fed's go-ahead for $900M more in stock buybacks

  • PNC Financial Service Group (NYSE:PNC) gets approval from the Federal Reserve to buy back an additional $900M in common shares through the end of Q2 2019.
  • That's on top of the $2.0B in stock buybacks approved as part of PNC's 2018 capital plan.
  • Previously: Fed unveils proposal to ease regulations for some large banks (Oct. 31)

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The PNC Financial Services Group, Inc.