|Bid||25.27 x 900|
|Ask||25.30 x 800|
|Day's Range||25.27 - 25.35|
|52 Week Range||22.30 - 25.35|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||2.32|
|Forward Dividend & Yield||1.34 (5.35%)|
|1y Target Est||N/A|
It will now be known as PNC Financial Institutions Advisory Group, a nod to the work it does advising banks and other financial services firms.
Goldman Sachs and Citigroup reported earnings on Monday, April 15th before the market opened. Bank earnings are important for investors even if they don't own a bank stock. Research Analyst for ActionAlertsPLUS, ...
Second-quarter interest income is expected to rise in low-single digits, and fee income in mid-single digits, the bank said on a post-earnings conference call with analysts. Earlier on Friday, the U.S. lender - one of the largest by assets - just about met first quarter profit estimates, as provisions for bad loans and a rise in expenses overshadowed growth in loans and higher interest income. Net income attributable to shareholders stood at $1.20 billion in the reported quarter ended March 31, up 2.7 percent from a year ago.
Could the top executive at Pittsburgh’s biggest bank be tempted to jump to an even larger financial institution? The first question analysts posed to Bill Demchak, chairman president and CEO of PNC Financial Services Group, during its first quarter earnings call on Friday was whether he was interested in the top job at Wells Fargo & Co. Wells Fargo (NYSE:WFC) CEO Tim Sloan resigned in late March from the nation’s 4th-largest bank, still struggling to emerge from a series of scandals. PNC (NYSE:PNC) is No. 9, according to S&P Global Market Intelligence.
The Pittsburgh-based banking and financial services company said it earned $1.27 billion, or $2.61 a share, in its most recent quarter, vs. $1.23 billion, or $2.42 a share, in the comparable year-earlier period. Total fee income dropped to $1.5 billion "due to seasonally lower revenue," PNC said.
Anadarko agreed to be acquired by Chevron CVX in a cash-and-stock deal worth $33 billion, or $65 per share. The deal represents a 39% premium over Anadarko's Thursday closing price, and it could provide a boost to shares of Anadarko competitors like Pioneer Natural PXD , Devon Energy DVN , and Apache APA . JPMorgan Chase JPM — JPMorgan Chase reported quarterly profit of $2.65 per share for the first quarter, 30 cents a share above estimates.
PNC Financial Services Group Inc posted a 2.7 percent rise in quarterly profit on Friday as the U.S. regional bank earned more interest income. The bank's net income attributable to common shareholders ...
PNC Financial stock has been trading under a "death cross" for months and is now between its 50-day and 200-day simple moving averages.
PNC Financial Services Group has unveiled the look of things to come. Pittsburgh’s largest bank has opened a prototype branch in the city’s Homestead neighborhood. In fact, more sites within the 10-county Pittsburgh metro will be updated this year with a larger number to follow in 2020.
PNC Financial Services Group Inc NYSE:PNCView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding 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, growth of ETFs holding PNC is favorable, with net inflows of $22.91 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. PNC credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative 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.
Chief security officer leads bank's cyber charge, competes in triathlons and teaches her kids multiple lessons by letting them dismantle her old electronic gadgets.
It is going to be a packed week as big bank executives head to Capitol Hill, and the Federal Open Market Committee releases the minutes from its March Meeting. Here's everything you need to know in the week ahead.
PNC ranks as the third-largest bank in the Dayton region, with $2.65 million in local deposits and 45 Dayton-area offices.
Pittsburgh’s biggest bank is celebrating the 15th anniversary of PNC Grow Up Great with an additional $150 million to extend the early childhood education initiative program. The program is now a $500 million initiative benefiting 40 markets, PNC Financial Services Group Inc. said on Thursday as it announced the funding boost. “The workplace of tomorrow will require skills and knowledge we can’t begin to imagine today,” William Demchak, PNC chairman, president and CEO, said in a prepared statement.
Berkshire Hathaway Underperformed the Markets in Q1(Continued from Prior Part)Berkshire Hathaway Warren Buffett, Berkshire Hathaway’s (BRK-B) chairman, is known for his value investments. Buffett tends to stick to stocks for the long term. Over the
The Orioles and PNC will launch an augmented reality tool for fans to use when looking at sculptures of the team's six MLB Hall of Famers.
PNC Bank is closing two of its Greater Cincinnati branches in the next few months. It’ll close the Pleasant Ridge branch on Montgomery Road on June 21. PNC will shift the White Oak branch to its Colerain Avenue location less than 2 miles away, company spokeswoman Marcey Zwiebel told me. It will combine the Pleasant Ridge branch with its Norwood branch on Smith Road.
"Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
Seven years after Royal Bank of Canada took a $1.6 billion write down on the sale of its Raleigh-based RBC Bank USA, its top exec is strategizing new ways to attack the U.S. market – this time through digital banking.
Lower interest rates put the squeeze on bank earnings and that puts pressure on super regional banks such as BB&T Corp. During Fed Chair Jerome Powell's press conference, one notion that caught my attention is that there appears to be renewed scrutiny for these larger banks. A dovish Fed and continued low interest rates put pressure on net interest margins, which is the money banks make after their cost of money and interest earned on investments.
Discover what's driving regional banking stocks in the first quarter of 2019. These three industry leaders could keep the momentum going.