|Bid||119.00 x 100|
|Ask||0.00 x 0|
|Day's Range||142.88 - 144.70|
|52 Week Range||112.61 - 145.66|
|PE Ratio (TTM)||17.52|
|Earnings Date||Jan 12, 2018|
|Forward Dividend & Yield||3.00 (2.09%)|
|1y Target Est||141.60|
The eighth-largest bank in the nation announced that it plans to construct its first branch in the Kansas City area. William Demchak, chairman and CEO of PNC Financial Services Group Inc., said Tuesday during an investor presentation that he plans to construct a handful of retail bank branches in its newest markets of Kansas City, Dallas and Minneapolis. PNC Financial (PNC), the Pittsburgh-based holding company for PNC Bank, has about $371.28 billion in assets, making it the eighth-biggest bank in the United States.
The nation’s largest banks — such as JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), Citigroup Inc. (NYSE: C), Goldman Sachs Group Inc. (GS) and Morgan Stanley — have operations around the country. Here are other recent stories reported by The Business Journals. Bank of America Corp. has narrowed the gap behind JPMorgan Chase & Co., which remains the country’s largest bank.
CLEVELAND, Dec. 06, 2017-- Eighty experts from across the country gathered at the Global Center for Health Innovation yesterday to tackle the challenges and potential benefits of leveraging data to improve ...
PNC Financial Services Group Inc. plans to launch a national digital retail bank, its top executive told financial analysts Tuesday at the Goldman Sachs U.S Financial Services Conference in New York. “What you’ll see us doing is taking our Virtual Wallet, a [mobile banking] platform I’d stand up against any online bank, and move that into the national market and do it largely following our C&I [commercial and industrial loan] expansion with a handful of branches in those markets and see what happens,” said William Demchak, PNC (PNC) chairman, president and CEO. Under this new model, PNC would first add “a handful” of retail brick-and-mortar branches in its newest markets — Dallas, Kansas City and Minneapolis — before expanding nationally.
The Zacks Analyst Blog Highlights: PNC Financial Services Group, Wells Fargo, Citigroup and BlackRock
The PNC Financial (PNC) appears to be a promising buying opportunity now, based on its cost-control efforts and top-line growth.
Positive developments across various platforms resulted in optimistic stance for banking stocks over the last five trading sessions.
Invesco (IVZ) has a price-to-cash flow ratio of 10.71x on a NTM (next-12-month) basis compared to the peer average NTM price-to-cash flow ratio of 11.41x.
A Relative Strength Rating upgrade for PNC Financial Services shows improving technical performance. Will it continue?
With Christmas around the corner, consumers are gearing up for a shopping frenzy. “The U.S. economy is growing at a sustainable pace, fueled by higher consumer confidence, low unemployment, modest wage gains, and low interest rates,” Thomas P. Melcher, chief investment officer for PNC Asset Management Group, said in a released statement. The Consumer Price Index, a more standard economic measure, excludes energy and food prices, so to imitate that process, PNC removed swans from its index because swans were the most volatile item.The Christmas index noted that online shoppers would have to pay $10,538 more than in-store gift getters.
PNC Financial (PNC) to merge Solebury Communications with The Trout Group in order to become a leading investor relations provider.
Trout Group To Combine With Solebury To Form Leading Investor Relations, Corporate Communications Firm PITTSBURGH , Nov. 27, 2017 /PRNewswire/ -- PNC Bank today announced the entry into a definitive agreement ...
PITTSBURGH , Nov. 21, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business ...
-- PNC celebrates 34th year of tallying the cost of the gifts in the classic holiday song -- Pear tree, gold, Lords leap; nine gift prices remain flat -- Costs trail Consumer Price Index for second straight ...
- Provides quarterly earnings release dates in 2018 - PITTSBURGH , Nov. 14, 2017 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results ...
The PNC Financial Services Group Inc (NYSE:PNC) delivered an ROE of 9.31% over the past 12 months, which is an impressive feat relative to its industry average of 8.95% duringRead More...
Baby boomers would rather enjoy their cash now as opposed to hoarding it for future generations, according to a survey from PNC.
NEW YORK, Nov. 14, 2017 /PRNewswire/ -- Yesterday, The Clearing House (TCH) launched RTP®, its real-time payments system, the first new core payments infrastructure in the U.S. in more than 40 years. The new RTP system was designed and built through the collaborative effort of TCH's 25 owner banks and meets the objectives of the Federal Reserve Faster Payments Task Force. RTP is open to all U.S depository institutions with a goal of reaching ubiquity by 2020.
Dozens of banks received the biggest signal yet that they may soon be freed from some of the most onerous rules put in place after the financial crisis, as lawmakers from both parties agreed to a plan ...