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PNC Financial Services Group Inc (PNC.N)

PNC.N on New York Stock Exchange

82.62USD
27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

PNC Financial Services Group declares quarterly cash dividend
Thursday, 2 Jul 2015 09:41am EDT 

PNC Financial Services Group Inc:Declares a quarterly cash dividend on the common stock of 51 cents per share.Payable on Aug. 5 to shareholders of record at the close of business July 15.  Full Article

PNC Financial Services Group Inc declares common stock dividend
Thursday, 2 Apr 2015 09:50am EDT 

PNC Financial Services Group Inc:Says that it has declared a quarterly cash dividend on the common stock of 51 cents per share, an increase of 3 cents per share, or 6 percent, from the first quarter dividend of 48 cents per share.The dividend is payable on May 5, 2015 to shareholders of record at the close of business April 15, 2015.  Full Article

PNC Financial Services Group Inc declares dividend
Friday, 2 Jan 2015 10:11am EST 

PNC Financial Services Group Inc:Declares a quarterly cash dividend on common stock of 48 cents per share.Payable on Feb. 5, 2015 to shareholders of record on Jan. 15, 2015.Series B : a quarterly dividend of 45 cents per share will be payable on March 10, 2015 to shareholders of record at close of business Feb. 20, 2015.Series K: a quarterly dividend of $113.75 per share with a payment date of Feb. 21, 2015, will be payable next business day to shareholders of record at close of business Jan. 30, 2015.Series O: a semi-annual dividend of $3,375.00 per share with a payment date of Feb. 1, 2015, will be payable the next business day to shareholders of record at the close of business Jan. 15, 2015.Series P : a quarterly dividend of $1,531.25 per share with a payment date of Feb. 1, 2015, will be payable the next business day to shareholders of record at the close of business Jan. 15, 2015.Series Q: a quarterly dividend of $1,343.75 per share with a payment date of March 1, 2015, will be payable the next business day to shareholders of record at the close of business Feb. 13, 2015.  Full Article

Fitch: PNC's 2Q16 Results Higher on Improved Fee Income

(The following statement was released by the rating agency) CHICAGO, July 15 (Fitch) PNC Financial Services Group, Inc. (PNC) reported $989 million in net income for 2Q16, up 5% on a linked-quarter basis, for an ROA of 1.11%. On a year-over-year basis, net income fell 5.3%. The results are in line with Fitch Ratings' expectations for the company, which remains very highly rated. Results reflected strong fee income growth during the quarter and lower credit costs, partially offset by higher