|Bid||25.51 x 1300|
|Ask||25.56 x 800|
|Day's Range||25.51 - 25.62|
|52 Week Range||22.30 - 25.84|
|Beta (3Y Monthly)||0.13|
|PE Ratio (TTM)||2.31|
|Forward Dividend & Yield||1.34 (5.26%)|
|1y Target Est||N/A|
'Dave was my good friend, and there was no greater champion of hockey in Pittsburgh,' Mario Lemieux said.
The Oracle of Omaha has already bought into Pittsburgh's biggest bank, and much has changed since it emerged as an investor last fall.
Orrstown Bank has brought on another veteran banker from BB&T Corp. to fill a key role as it looks to make a further push in Maryland. Thomas A. Sychuk, BB&T's commercial real estate market manager in Maryland for the last three years, has been named senior vice president and commercial banking director for Orrstown Bank. In the role he will be responsible for overseeing the Shippensburg, Pennsylvania-based bank's commercial activities in Maryland.
Cincinnati-based Fifth Third Bank told the San Francisco Business Times Wednesday that the nation’s 18th-largest bank will soon have a “more robust presence” in the Bay Area. Fifth Third, led by CEO Greg Carmichael, also said Wednesday that its Fifth Third Securities Inc. unit hired Timothy Beach, Ari Citrin and Oliver Janssen as managing directors to lead its newly created renewable energy investment banking group. The team will remain based in San Francisco.
Ohio-based Fifth Third Bank has bold plans for Raleigh – including a “couple dozen” new branches expected to pop up by early 2019.
Amidst growing concerns over skyrocketing gun violence in America, big banks maintain their financial relationships with gun manufacturers and the NRA.
The flip was no flop for the leader of Pittsburgh’s biggest bank. Seven of PNC Financial Service Group Inc.’s top executives sold company stock last month, according to filings with the U.S. Securities and Exchange Commission, with the biggest transaction by William Demchak, chairman, president and CEO. On July 22, Demchak exercised stock options granted in April 2011, buying 75,000 shares, priced at $66.77 per share.
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PNC Financial Services Group Inc. (NYSE: PNC) recently closed its first major Opportunity Zones deal in Birmingham. The bank has invested $15 million in the redevelopment of the Stonewall Building – a downtown office building that has been vacant for nearly 40 years – and Nick Willis, PNC Bank regional president for Greater Alabama, said the bank will be looking for more opportunities this year. Ed Ticheli, project owner and developer, secured an $11 million equity investment from the PNC OPZONE Community Development Fund, Inc. and a $4.2 million PNC Bank loan to help finance the $24 million redevelopment project, which will transform the former Stonewall Building into affordable workforce housing.
The Pittsburgh-based bank reached a deal to put their ATMs in over 8,000 7-Eleven stores across the country, including 198 in the Philadelphia region.
"We've got our hands full," CEO says of PNC deal announced in May, but investment management giant is game for more transactions.
U.S. Small Business Administration loans are down 19.5 percent during the nine months ended June 30, three-fourths of the way through the SBA fiscal year. The 27-county western Pennsylvania region tallied 336 loans at $125.6 million as of June 30, compared to 448 loans at a $156.1 million for the same period in 2018. “It’s a problem that’s good to have,” said District Director Kelly Hunt.
Philadelphia's third-largest retail bank said it plans to accelerate the pace of building branches over the next 18 months, with a goal of having a physical presence in every major metropolitan market.
Pittsburgh-based financial giant PNC Financial Services Group Inc. (NYSE: PNC) is expanding its retail banking capabilities to Houston. PNC Bank NA has introduced PNC-branded ATMs in more than 209 Timewise Food Store convenience store locations throughout the Houston metro area, Julie Young Sudduth, regional president for PNC in Houston, told the Houston Business Journal.
A year ago, PNC executives said they had no immediate plans to open the offices in Boston. Those plans have changed.
William Demchak, PNC chairman, president and CEO, told financial analysts during the Pittsburgh-based bank’s second quarter earnings call on Wednesday that it’s “accelerating the pace,” targeting Boston, Houston and Nashville, Tennessee, in addition to Kansas City, Missouri, and Dallas, where it has already opened three branches. “By every measure, it was a successful quarter,” Demchak said.
PNC Financial Services (NYSE: PNC ) reported second-quarter earnings of $2.88 per share, which beat the analyst consensus estimate of $2.82. This is a 5.88% increase over earnings of $2.72 per share from ...