|Bid||25.72 x 1100|
|Ask||25.73 x 1000|
|Day's Range||25.60 - 25.73|
|52 Week Range||22.30 - 25.73|
|Beta (3Y Monthly)||0.15|
|PE Ratio (TTM)||2.36|
|Forward Dividend & Yield||1.34 (5.23%)|
|1y Target Est||N/A|
Jeff Mills, PNC Financial Services Group Co-Chief Investment Strategist tells Yahoo Finance's Julie Hyman and Adam Shapiro that higher volatility should be the expectation for investors right now.
San Francisco-based Ripple sees a deal to buy about 10 percent of MoneyGram for $30 million as a means to expand a key part of its operations.
PNC Financial Services Group Inc NYSE:PNCView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for PNC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PNC. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding PNC are favorable, with net inflows of $8.54 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. PNC credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Is PNC Financial Services Group Inc. (NYSE:PNC) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for […]
Pittsburgh’s biggest bank is entering Fort Worth, Texas. PNC Financial Services Group plans to open its first Fort Worth branch at 2901 West 7th St., according to a filing with the office of the Comptroller of the Currency.
Pittsburgh's biggest bank believes newcomers BofA and Chase will take market share in Pittsburgh as CEO talks strategy at Morgan Stanley conference.
HarbisonWalker International’s senior counsel doesn’t credit her career to Tom Cruise directly, but it was her experience working as a clearance coordinator for the actor’s shot-in-Pittsburgh film “Jack Reacher” that whet Emily Pile’s appetite for going in-house instead of joining a law firm. Pile served as a liaison with Paramount Pictures Corp., making sure that details of the “Jack Reacher” production were cleared from a legal perspective for seven months into early 2012. “I fell in love with corporate practice.” When Pile entered the University of Pittsburgh School of Law in 2013, she took courses “in the direction” of in-house counsel and interned at both UPMC and HarbisonWalker, accepting a job offer from the latter after graduation and passing the bar in 2016.
The suit alleges PNC Bank helped a South Florida man engage in unlawful activities connected to a debt relief scheme that scammed victims out of millions.
The publicly traded bank has quietly assembled a team of about 60 employees in the Phoenix region, but plans to start hiring business bankers right away now that its top market executive has been identified.
Eleni Valliant is a winner of a 2019 Workplace Wellness Champion award. Read about how she has worked to reach 50,000 employees.
Carlson Capital is a Dallas, Texas-based multi-strategy alternative hedge fund that provides additional offices in Houston, New York City, Palm Beach Gardens, Greenwich, and London. It was founded by Clint Carlson back in 1993 and grew big since then, now managing more than $7 billion in hedge fund and CLO assets. Prior to launching his […]
Billionaire Warren Buffett is arguably the greatest investor of all time. Given his investing acumen and track record, millions of investors watch how Buffett and his investing lieutenants allocate Berkshire Hathaway's capital every quarter. Any meaningful buy or sell could affect sentiment in the short term, and potentially cause other investors who respect Buffett to […]
Only nine of the executives on the list of 50 highest-paid received a bonus per se. Instead, they got more through other compensation categories.
Whimsy isn’t quite what you’d expect from the head of a global investment firm with $485 billion in managed assets, but Federated Investors Inc. President and CEO Christopher Donahue described his latest acquisition as “a good neighborhood deal.” The very Pittsburgh transaction is a continuation — with a twist — of Federated’s decades-long interactions with PNC Financial Services Group Inc. Federated (NYSE:FII) is a frequent buyer of money market funds from banks, with “dozens” of such deals, Donahue said, but the May 7 agreement to acquire components of PNC Capital Advisors' investment management business marks the first time Federated bought something from PNC. Don’t forget, I live in Mr. Rogers’ house, the house where he raised his kids.” Yes, the previous owner of Donahue’s home in the city’s Squirrel Hill neighborhood was the late television pioneer, Fred Rogers.
Amanda Agati, co-chief investment strategist for PNC Financial Services Group, provided a stock market outlook and offered insight into where it will go for the rest of this year and into 2020.
Pittsburgh’s largest bank isn’t exiting the asset management business, but selling some components of it has enabled PNC Financial Services Group Inc. to streamline operations and concentrate on what it does best. “This is a small part of our asset management business that, overall, is a very attractive, high-return business, and our focus is to accelerate its growth in a way that’s consistent with our Main Street philosophy,” Michael Lyons, PNC’s head of Corporate & Institutional Banking and Asset Management Group, said on Tuesday. “We’re doubling down on what we’re good at and handing off to players who have expertise the businesses where we didn’t have scale.” Before trading began, PNC (NYSE:PNC) announced that it has a deal in place to sell its money market mutual fund business within PNC Capital Advisors to Federated Investors Inc. for $52 million.
Two Pittsburgh-based financial giants confirmed a big deal on Tuesday. Federated Investors Inc. and PNC Financial Services Group said they have reached a definitive agreement for Federated to acquire certain components of PNC Capital Advisors LLC’s investment management business.
As JPMorgan Chase & Co.’s national branch expansion unfolded and it became clear that the nation’s biggest financial institution would enter Pittsburgh, local bank executives sized up the situation. Sandra Reiman, who’d been vice president and retail regional manager for Citizens Bank since July 2014, was no exception. “I took a look at how Chase was coming to this market and how it might disrupt or impact my business at Citizens,” Reiman said.
Pittsburgh’s biggest bank could soon sell its $54.6 billion institutional asset management business to another downtown giant, Federated Investors Inc., according to Pensions & Investments, which cited multiple sources and said a deal could be reached next week. PNC Capital Advisors has offices in Baltimore, Chicago, Cleveland, Philadelphia and St. Louis and serves the institutional market — corporations, public funds, multi-employer plans, endowments and foundations, health care organizations, insurance companies and financial intermediaries. The purchase would enable Federated (NYSE:FII) to further build money market assets, according to Pensions & Investments.