Edition:
United States

PNC Financial Services Group Inc (PNC.N)

PNC.N on New York Stock Exchange

133.52USD
25 Sep 2017
Change (% chg)

-- (--)
Prev Close
$133.52
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
601,277
52-wk High
$134.28
52-wk Low
$87.04

Latest Key Developments (Source: Significant Developments)

PNC Financial Services says effective Q1, co realigned segments
Wednesday, 3 May 2017 03:22pm EDT 

May 3 (Reuters) - PNC Financial Services Group Inc ::Effective for Q1 of 2017, co realigned its segments & has changed basis of presentation of its segments - SEC filing.Residential Mortgage Banking segment was combined into Retail Banking from realignment - SEC filing.The Non-Strategic Assets Portfolio segment was eliminated.  Full Article

PNC Financial Services sees Q2 net interest income up low-single digits compared to Q1
Thursday, 13 Apr 2017 12:12pm EDT 

PNC Financial Services Group Inc : Sees Q2 net interest income up low-single digits compared to Q1 2017 .Sees Q2 loan loss provision $75-$125 million compared to Q1 2017.  Full Article

PNC reports Q3 earnings per share $1.84
Friday, 14 Oct 2016 06:45am EDT 

PNC Financial Services Group Inc : Pnc reports third quarter 2016 net income of $1.0 billion, $1.84 diluted eps . Q3 earnings per share $1.84 . Q3 revenue rose 1 percent to $3.8 billion . Q3 earnings per share view $1.78 -- Thomson Reuters I/B/E/S . PNC Financial Services Group Inc - net charge-offs increased to $154 million for q3 compared with $134 million for q2 . Pnc financial services group inc qtrly provision for credit losses was $87 million, a decrease of $40 million compared with Q2 2016 . PNC Financial Services Group Inc - net interest margin was 2.68 percent for Q3 of 2016 compared with 2.70 percent for Q2 . PNC Financial Services Group Inc qtrly net interest income $2,095 million versus $2,062 million . PNC Financial Services Group Inc - transitional basel III common equity tier 1 capital ratio was an estimated 10.6 percent at sept 30 versus 10.6 percent at June 30 .PNC Financial Services -pro forma fully phased-in basel III common equity tier 1 capital ratio was an estimated 10.2 percent at Sept. 30 versus 10.2 percent at June 30.  Full Article

PNC Financial Services Group sees Q3 net interst income stable with 2Q16
Friday, 15 Jul 2016 02:17pm EDT 

PNC Financial Services Group Inc : Sees Q3 net interst income stable with 2Q16 - SEC Filing . Sees Q3 loans up modestly from 2Q16 . Sees Q3 loan loss provision of $100 million-$150 million Source - http://bit.ly/29J5fil Further company coverage: [PNC.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

PNC Financial Services Group reports Q2 earnings per share $1.82
Friday, 15 Jul 2016 06:34am EDT 

PNC Financial Services Group Inc - : PNC reports second quarter 2016 net income of $989 million, $1.82 diluted EPS . Q2 earnings per share $1.82 . Net interest income of $2.1 billion for Q2 decreased $30 million, or 1 percent, compared with Q1 . Says net charge-offs were $134 million for Q2 and $149 million for Q1 . PNC Financial Services Group Inc says board of directors raised quarterly dividend on common stock to 55 cents per share, an increase of 4 cents per share . Provision for credit losses declined to $127 million for Q2 from $152 million in Q1 . PNC Financial Services Group Inc says pro forma fully-phased in Basel III common equity tier 1 capital ratio was an estimated 10.2 percent at June 30, 2016 . PNC Financial Services Group Inc says transitional Basel III common equity tier 1 capital ratio was an estimated 10.6 percent at both June 30, 2016 .Says net interest margin was 2.70 percent for Q2 of 2016 compared with 2.75 percent for Q1.  Full Article

PNC raises common stock dividend to 55 cents per share
Thursday, 7 Jul 2016 10:24am EDT 

PNC Financial Services Group Inc : PNC raises common stock dividend to 55 cents per share .Qtrly dividend an increase of 4 cents per share, or 8 percent, from q2 dividend of 51 cents per share.  Full Article

PNC Financial Services to repurchase up to $2 bln in shares
Wednesday, 29 Jun 2016 04:45pm EDT 

PNC Financial Services Group Inc : PNC receives no objection to its capital plan . Plan included a recommendation to increase quarterly cash dividend on common stock by $0.04 cents per share, or 7.8 percent, to $0.55 cents per share . Capital plan also included share repurchase programs of up to $2.0 billion for four-quarter period beginning in Q3 of 2016 .Programs include repurchases of up to $200 million related to employee benefit plans.  Full Article

PNC Financial Services Group Declares Dividend of 51 Cents on Common Stock
Monday, 4 Apr 2016 10:04am EDT 

PNC Financial Services Group, Inc:declared a quarterly cash dividend on the common stock of 51 cents per share. The dividend is payable May 5, 2016 to shareholders of record at the close of business April 15, 2016.The board also declared a cash dividend on the following series of preferred stocks.Series B: a quarterly dividend of 45 cents per share will be payable June 10, 2016 to shareholders of record at the close of business May 20, 2016.Series P: a quarterly dividend of $1,531.25 per share ($.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock) with a payment date of May 1, 2016, will be payable the next business day to shareholders of record at the close of business April 15, 2016.Series Q: a quarterly dividend of $1,343.75 per share ($.3359375 per each depositary share, 4,000 of which represent one share of Series Q preferred stock) will be payable June 1, 2016 to shareholders of record at the close of business May 17, 2016.Series R: a semi-annual dividend of $2,425.00 per share ($24.25 per each depositary share, 100 of which represent one share of Series R preferred stock) will be payable June 1, 2016 to shareholders of record at the close of business May 17, 2016.  Full Article

PNC Financial Services Group Inc - U.S. to charge Iran in cyber attacks against banks, New York dam-sources - Reuters News
Wednesday, 23 Mar 2016 05:30pm EDT 

PNC Financial Services Group Inc:The Obama administration is expected to blame Iranian hackers as soon as Thursday for a coordinated campaign of cyber attacks in 2012 and 2013 on several U.S. banks and a New York dam, sources familiar with the matter have told Reuters. - RTRS.The Justice Department has prepared an indictment against about a half-dozen Iranians, said the sources, who spoke on condition of anonymity due to the sensitivity of the matter.The charges, related to unlawful access to computers and other alleged crimes, were expected to be announced publicly by U.S. officials as soon as Thursday morning at a news conference in Washington, the sources said.The indictment was expected to directly link the hacking campaign to the Iranian government, one source said.The banks will not be identified in the indictment due to fear of retaliation, the source said.The dam breach coincided roughly with a spate of distributed denial of service attacks in 2012 that hit more than a half dozen U.S. financial institutions and the two episodes were long suspected of being connected.Cyber security experts have said these, too, were perpetrated by Iranian hackers against Bank of America, JPMorgan Chase, Capital One, PNC Financial Services and SunTrust Bank.In the intrusion of the dam computers, the hackers did not gain operational control of the floodgates, and investigators believe they were attempting to test their capabilities.  Full Article