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PNC Financial Services Group Inc Add to portfolio

INX:PNC, Feb 27, 11:13 UTC

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Thursday, February 06


News

PNC Financial Services Group Inc (NYSE:PNC) Shares Sold by Conning Inc. – Riverton Roll

PNC

Conning Inc. reduced its holdings in shares of PNC Financial Services Group Inc (NYSE:PNC) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). In related news, CEO William S. Demchak sold 129,400 shares of the company’s stock in a transaction on Friday, November 8th. Finally, Bank of America upgraded shares of PNC Financial Services Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $144.00 to $178.00 in a research report on Thursday, January 9th. PNC Financial Services Group Inc has a one year low of $118.70 and a one year high of $161.79.

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  • Financial

Wednesday, February 05


News

Wedbush Securities Inc. Increases Holdings in PNC Financial Services Group Inc (NYSE:PNC) – Riverton Roll

PNC

Wedbush Securities Inc. raised its holdings in shares of PNC Financial Services Group Inc (NYSE:PNC) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The shares were acquired at an average cost of $153.11 per share, for a total transaction of $153,110.00. Bank of America raised shares of PNC Financial Services Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $144.00 to $178.00 in a research note on Thursday, January 9th. During the same period in the previous year, the business posted $2.75 earnings per share. As a group, analysts expect that PNC Financial Services Group Inc will post 11.81 earnings per share for the current year.

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  • Financial

Wednesday, January 29


News

Donaldson Capital Management LLC Buys 14,716 Shares of PNC Financial Services Group Inc (NYSE:PNC) – Riverton Roll

PNC

Donaldson Capital Management LLC raised its stake in shares of PNC Financial Services Group Inc (NYSE:PNC) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Bank of America raised PNC Financial Services Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $144.00 to $178.00 in a research note on Thursday, January 9th. Following the completion of the sale, the executive vice president now owns 21,172 shares of the company’s stock, valued at $3,224,283.88. The company’s revenue was up 6.2% on a year-over-year basis. As a group, analysts expect that PNC Financial Services Group Inc will post 11.81 earnings per share for the current fiscal year.

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  • Financial

Tuesday, January 28


News

Bank of America (NYSE:BAC) & PNC Financial Services Group (NYSE:PNC) Critical Contrast – Slater Sentinel

PNC

Bank of America (NYSE:BAC) and PNC Financial Services Group (NYSE:PNC) are both large-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, profitability, risk, valuation and earnings. Comparatively, 79.3% of PNC Financial Services Group shares are owned by institutional investors. This is a breakdown of recent recommendations and price targets for Bank of America and PNC Financial Services Group, as provided by MarketBeat.

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  • Financial

Monday, January 27


News

Critical Comparison: Hanmi Financial (NASDAQ:HAFC) and PNC Financial Services Group (NASDAQ:PNC)

PNC

We will compare the two businesses based on the strength of their risk, profitability, institutional ownership, dividends, earnings, analyst recommendations and valuation. Comparatively, 79.4% of PNC Financial Services Group shares are owned by institutional investors. Hanmi Financial has increased its dividend for 5 consecutive years and PNC Financial Services Group has increased its dividend for 9 consecutive years. Hanmi Financial is trading at a lower price-to-earnings ratio than PNC Financial Services Group, indicating that it is currently the more affordable of the two stocks.

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Tuesday, January 21


News

Edited Transcript of PNC earnings conference call or presentation 15-Jan-20 2:30pm GMT

PNC PPG

These statements speak only as of January 15, 2020, and PNC undertakes no obligation to update them. Overall, it was an excellent year for PNC, capped by another solid quarter. We achieved a great deal this past year for our customers, shareholders and the communities we serve, and none of it would have been possible without the combined efforts of our more than 51,000 employees working toward our common goals. As 2020 begins, we expect to face uncertainty in the year to come from the economic environment to the ramifications of international trade disputes, the geopolitical situation and a presidential election -- election campaign in the U.S., but we're excited about the momentum with which we've entered the year and along with our increased capital flexibility as a result of the tailoring rules, we believe our strategy, focus on -- our strategy and focus on our customers positions us well to continue to deliver for all of our constituencies. And with that, I'll turn it over to Rob, and then we'll be happy to take your questions. I do think, as I've always said, that CECL in general will hurt consumer lending, particularly when it's needed most as people pull back because of the financial pain from the reserves. But in today's environment, I don't see it.

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Thursday, January 16


News

4 Financial Services Stocks Flying High on Solid Q4 Earnings

PNC BAC +1 more PNC BAC JPM

The fourth-quarter 2019 earnings season began earlier this week with some of the country’s major financial institutions impressing with their numbers. The Financial Select Sector SPDR Fund (XLF) added about 12.3% in the fourth quarter. What’s more, the sector ranks third in witnessing growth (58.8%) among the broader S&P 500 sectors in the last five years. In addition, record holiday sales, especially boosted by considerable online shopping, increased the frequency of digital and mobile payments. Therefore, in the fourth quarter of 2019, large financial institutions with vast retail operations flourished. JPMorgan Chase’s fourth-quarter 2019 earnings of $2.57 per share easily beat the Zacks Consensus Estimate of $2.32, thanks to better-than-expected trading performance and an increase in mortgage banking fees.

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Wednesday, January 15


News

PNC Financial quarterly profit beats on higher loan growth

PNC TRI

Jan 15 (Reuters) - PNC Financial Services Group Inc PNC.N on Wednesday posted a better-than-expected fourth-quarter profit, driven by growth in its loan book. PNC Financial, one of the largest local U.S. lenders by assets, said its loan portfolio grew 6% to $239.8 billion, with commercial lending accounting for 67% of total loans. The U.S. regional bank's net interest income rose marginally to $2.49 billion as higher loans and lower borrowing costs offset lower interest rates. The Pittsburgh, Pennsylvania-based bank's net income attributable to common shareholders rose to $1.30 billion in the quarter ended Dec. 31, from $1.27 billion a year earlier.

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News

PNC Financial fourth-quarter profit rises 2%

PNC

PNC Financial fourth-quarter profit rises 2% | Article [AMP] | Reuters. n">Jan 15 (Reuters) - U.S. regional bank PNC Financial Services Group Inc posted a 2.2% rise in fourth-quarter profit on Wednesday, helped by growth in its loan portfolio. The Pittsburgh, Pennsylvania-based bank's net income attributable to common shareholders rose to $1.30 billion, or $2.97 per share, in the quarter ended Dec. 31, from $1.27 billion, or $2.75 per share, a year earlier. Total revenue rose 6.2% to $4.61 billion. (Reporting by Abhishek Manikandan in Bengaluru; Editing by Aditya Soni).

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News

PNC Reports Full Year 2019 Net Income Of $5.4 Billion, $11.39 Diluted EPS

PNC BLK +1 more PNC BLK V

"PNC delivered excellent results in 2019 against the backdrop of continued change across our industry. Earnings per share increased and we generated record revenue and positive operating leverage for the year. At the same time, we made important investments in the development of our employees and their careers and to support employees' health and wellness and long-term financial wellbeing. With the announced increase to our authorized share buybacks, we are well positioned with capital flexibility for the opportunities and challenges ahead as we remain focused on creating long-term shareholder value by doing what is best for our customers."

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  • Financial