PNC Financial Services Group Inc (PNC.N)
12 Jan 2018
Latest Key Developments (Source: Significant Developments)
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
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 Inc reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth and the U.S. regional lender also forecast mid-single digit loan and revenue growth for 2018.