Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

PNC Financial Services Group Inc Add to portfolio

INX:PNC, Jan 18, 03:39 UTC

Latest INX:PNC News

Filter your feed

Apply Filter

Thursday, January 16


News

4 Financial Services Stocks Flying High on Solid Q4 Earnings

JPM PNC +1 more JPM PNC BAC

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.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, January 15


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).

Read Full Details

Topics:
  • Business
  • Financial
News

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

V PNC +1 more V PNC BLK

"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."

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, January 14


News

The Zacks Analyst Blog Highlights: Bank of America, PNC Financial Services, State Street and Bank of Hawaii

PNC BAC +1 more PNC BAC STT

Stocks recently featured in the blog include: Bank of America Corp. BAC, The PNC Financial Services Group, Inc. PNC, State Street Corp. STT and Bank of Hawaii Corp. BOH. Big U.S. banks are expected to see a feeble start to the earnings season this week. And it’s primarily because of the Fed trimming interest rates three times last year after nine hikes in the previous three-year period. Needless to say, a bank’s profit margin depends on its net interest income or the difference between the rates they charge as long-term loans and the rate they pay for short-term borrowings. For fourth-quarter earnings, the Major Banks industry, including JPMorgan and Wells Fargo, is expected to see an earnings decline of 9.6% from the same period last year despite 1.4% higher revenues (read more: Can Earnings Reports Push Bank Stocks Even Higher?). But not everything has been gloomy for banks in the fourth quarter. After all, declining interest rates sometimes tend to do well for banks, fueling demand for loans. And if we look into the non-interest income side, revenues should increase as banks continue to expand wealth management and consumer lending businesses.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, January 02


News

PNC Declares Dividend Of $1.15 On Common Stock

PNC

PITTSBURGH, Jan. 2, 2020 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.15 per share. The board also declared a cash dividend on the following series of preferred stocks:. Series O: a semi-annual dividend of $3,375.00 per share ($33.75 per each depositary share, 100 of which represent one share of Series O preferred stock) with a payment date of Feb. 1, 2020, will be payable the next business day to shareholders of record at the close of business Jan. 17, 2020. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, December 26


News

Morgan Stanley Raises PNC Financial Services Group (NYSE:PNC) Price Target to $162.00 – Riverton Roll

PNC

UBS Group raised their price objective on PNC Financial Services Group from $142.00 to $146.00 and gave the stock a neutral rating in a research note on Monday, October 21st. PNC Financial Services Group has a fifty-two week low of $108.45 and a fifty-two week high of $161.37. The company has a market capitalization of $71.43 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.93 and a beta of 1.14. Van ECK Associates Corp now owns 40,076 shares of the financial services provider’s stock valued at $5,502,000 after buying an additional 3,622 shares during the last quarter.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, December 19


News

The Zacks Analyst Blog Highlights: Johnson & Johnson, Eli Lilly, PNC Financial, EOG Resources and Archer-Daniels-Midland

PNC LLY +1 more PNC LLY JNJ

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. The Zacks analyst believes that J&J has been witnessing significant generic/biosimilar headwinds in the Pharma unit in 2019. However, the unit is performing above-market levels, supported by contribution from new drugs like Tremfya and successful label expansion of cancer drugs like Imbruvica and Darzalex and immunology drug, Stelara. Shares of Eli Lilly have gained 9.6% in the past three months against the Zacks Large Cap Pharmaceuticals industry’s rise of 11.1%. Click to get this free report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Johnson & Johnson (JNJ) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report To read this article on Zacks.com click here.

Read Full Details

Topics:
  • Business
  • Financial

Sunday, December 15


News

Ppg Inds INC (PPG) Shares Rose While Pnc Financial Services Group INC Cut Its Position

PNC PPG

Barclays Public Limited Liability Corporation holds 0.09% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 1.23M shares. Gofen & Glossberg Lc Il owns 8,497 shares. Oregon Employees Retirement Fund reported 0.04% in PPG Industries, Inc. (NYSE:PPG). The institutional investor held 1.65M shares of the basic industries company at the end of 2019Q3, valued at $195.85 million, down from 1.70M at the end of the previous reported quarter. Pnc Financial Services Group Inc, which manages about $100.25B US Long portfolio, upped its stake in Crown Castle Intl Corp New (NYSE:CCI) by 461,463 shares to 509,145 shares, valued at $70.78M in 2019Q3, according to the filing.

Read Full Details

Topics:
  • Business
  • Financial

Saturday, December 14


News

Conning INC Upped Pnc Finl Svcs Group INC (PNC) Position by $7.49 Million

PNC

It increased, as 41 investors sold PNC shares while 329 reduced holdings. 345.35 million shares or 1.93% less from 352.14 million shares in 2019Q2 were reported. First Commonwealth Pa invested 1.11% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Oregon Employees Retirement Fund owns 0.08% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 45,093 shares. More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Bizjournals.com which released: “PNC CEO Demchak on upside and downside of national digital retail expansion – Pittsburgh Business Times” on December 10, 2019, also Finance.Yahoo.com with their article: “Colgate-Palmolive Company (CL): Hedge Funds In Wait-and-See Mode – Yahoo Finance” published on November 27, 2019, Benzinga.com published: “Stocks That Hit 52-Week Highs On Tuesday – Benzinga” on December 10, 2019.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, November 27


News

Wright Investors Service Inc. Acquires 2,289 Shares of PNC Financial Services Group Inc (NYSE:PNC) – Mayfield Recorder

PNC

Wright Investors Service Inc. increased its holdings in shares of PNC Financial Services Group Inc (NYSE:PNC) by 22.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). PNC Financial Services Group Inc has a 52 week low of $108.45 and a 52 week high of $154.75. In other PNC Financial Services Group news, CEO William S. Demchak sold 17,132 shares of the firm’s stock in a transaction dated Thursday, September 12th. JPMorgan Chase & Co. raised their target price on shares of PNC Financial Services Group from $147.50 to $155.50 and gave the stock an “overweight” rating in a research note on Monday, November 4th.

Read Full Details

Topics:
  • Business
  • Financial