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Is a dividend hike coming for PNC?

Patty Tascarella
Is a dividend hike coming for PNC?

Pittsburgh’s biggest bank could take its common stock quarterly dividend past $1 per share for the first time in its history. PNC Financial Services Group Inc. was among 18 of the nation’s largest financial institutions that successfully passed the first hurdle of annual stress tests as company-run results showed they all had enough capital to withstand a severe and prolonged economic downturn. CCAR assesses the capital planning processes and capital adequacy of large bank holding companies and includes an evaluation of their planned capital distributions, such as dividend payments and share repurchases.