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PNC Financial Services Group Inc (PNC.N)

PNC.N on New York Stock Exchange

143.83USD
13 Dec 2017
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$-2.02 (-1.38%)
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Latest Key Developments (Source: Significant Developments)

PNC Bank Announces Definitive Agreement To Acquire The Trout Group
Monday, 27 Nov 2017 08:30am EST 

Nov 27 (Reuters) - PNC Financial Services Group Inc ::PNC BANK ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE THE TROUT GROUP, LLC.‍PNC BANK SAYS TROUT WILL BE COMBINED WITH SOLEBURY COMMUNICATIONS, A WHOLLY-OWNED SUBSIDIARY OF PNC​.‍PNC BANK SAYS DEAL IS EXPECTED TO CLOSE IN LATE DECEMBER, TERMS OF DEAL WILL NOT BE DISCLOSED​.  Full Article

Appaloosa Lp cuts share stake in Chesapeake, Bank of America
Tuesday, 14 Nov 2017 09:29am EST 

Nov 14 (Reuters) - :Appaloosa Lp cuts share stake in Chesapeake Energy Corp to 766,000 shares from 3.6 million shares - sec filing.Appaloosa Lp cuts share stake in Bank of America Corp by 27.9 percent to 6.3 million shares.Appaloosa Lp cuts share stake in PNC Financial Services Group Inc by 48.2 percent to 922,510 shares.Change in holdings are as of September 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

PNC Financial expects modest growth in Q4 loans vs Q3 - conf call
Friday, 13 Oct 2017 08:38am EDT 

Oct 13 (Reuters) - PNC Financial Services Group Inc :PNC Financial Services - expects modest growth in Q4 loans versus Q3 - conf call.PNC Financial Services - expect Q4 net interest income, fee income and expenses to each be up in the low single digits vs Q3 - conf call.PNC Financial Services - expect Q4 provision to be between $100 million and $150 million - conf call.  Full Article

Pnc reports Q3 2017 earnings per share of $2.16
Friday, 13 Oct 2017 06:40am EDT 

Oct 13 (Reuters) - Pnc :Pnc reports third quarter 2017 net income of $1.1 billion, $2.16 diluted EPS.Q3 revenue $4.1 billion versus I/B/E/S view $4.11 billion.Q3 earnings per share $2.16.Q3 earnings per share view $2.13 -- Thomson Reuters I/B/E/S.PNC Financial Services Group Inc - qtrly ‍net interest income grew $87 million, or 4 percent, to $2.3 billion​.PNC Financial Services Group Inc - ‍ net charge-offs declined to $106 million for Q3 compared with $110 million for Q2​.PNC Financial Services - qtrly ‍provision for credit losses increased $32 million to $130 million and included $10 million related to hurricanes Harvey and Irma​.PNC Financial Services Group Inc - ‍loans grew $3.1 billion, or 1 percent, to $221.1 billion at September 30, 2017 compared with June 30, 2017​.PNC Financial Services Group - ‍ pro forma fully phased-in basel III common equity tier 1 capital ratio was estimated 9.8 percent at both Sept 30, June 30.PNC Financial Services Group - ‍transitional basel III common equity tier 1 capital ratio was an estimated 10.3 percent at both Sept 30, June 30, 2017​.PNC Financial Services Group - net interest margin increased to 2.91 percent for third quarter of 2017 compared with 2.84 percent for second quarter‍​.  Full Article

PNC Reports Q3 2017 Results
Friday, 13 Oct 2017 06:40am EDT 

Oct 13 (Reuters) - PNC Financial Services Group : :Says qtrly ‍net interest income grew $87 million, or 4 percent, from Q2 to $2.3 billion.Says qtrly ‍provision for credit losses grew $32 million to $130 million from Q2 & included $10 million related to Hurricanes Harvey & Irma​.Says third quarter 2017 net income of $1.1 billion, $2.16 diluted EPS.Q3 revenue $4.1 billion versus i/b/e/s view $4.11 billion.Says Q3 earnings per share $2.16.Q3 earnings per share view $2.13 -- Thomson Reuters I/B/E/S.Says‍ net charge-offs declined to $106 million for Q3 compared with $110 million for Q2​.Says ‍loans grew $3.1 billion, or 1 percent, to $221.1 billion at September 30, 2017 compared with June 30, 2017​.Says Pro Forma Fully Phased-In Basel III common equity tier 1 capital ratio was estimated 9.8 percent at both Sept 30, June 30.Says ‍Transitional Basel III common equity tier 1 capital ratio was an estimated 10.3 percent at both sept 30, june 30, 2017​.Says net interest margin increased to 2.91 percent for third quarter of 2017 compared with 2.84 percent for second quarter‍​.  Full Article

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

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Big U.S. banks in last-ditch push on regulatory relief bill

WASHINGTON Wall Street banks and big regional lenders are scrambling to secure changes to a U.S. Senate bill easing rules on smaller banks ahead of a key lawmaker meeting next week, several bank lobbyists told Reuters.